Imprest for foreign travel : Whether a deemed dividend ?
This query is : Resolved
CMA. Subhash Kumar Jha
(Querist)
12 February 2009
Sir,
We are a Pvt ltd co.
Our directors (having a share capital of more than 10 %) often go to foreign travel for official purpose.
Our company provides them foreign currency as imprest especially for that trip & after return they give the account & we book the foreign travel expenses.
Whether such imprest will be considered as deemed devidend? &
Whether any dividend tax is also to be payable on that ?
Kindly reply soon.
Thanks
Subhash
We are a Pvt ltd co.
Our directors (having a share capital of more than 10 %) often go to foreign travel for official purpose.
Our company provides them foreign currency as imprest especially for that trip & after return they give the account & we book the foreign travel expenses.
Whether such imprest will be considered as deemed devidend? &
Whether any dividend tax is also to be payable on that ?
Kindly reply soon.
Thanks
Subhash
CA Nitin Wadhwani
(Expert)
12 February 2009
No.
It will not be treated as deemed dividend.
It will not be treated as deemed dividend.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- MSME disclosure and disallowance
- Taxation of crypto futures in India Fy 2026- 2027
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- EPF ECR NEW RULES Sep 17th 2026
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
