Income tax can be paid by director
This query is : Resolved
naresh kumar
(Querist)
13 December 2012
Sir,
Please tell me , may a director pay income tax on behalf of company and what will be the treatment of the same in books of company . will it be reimbursed by company to director .
Please tell me , may a director pay income tax on behalf of company and what will be the treatment of the same in books of company . will it be reimbursed by company to director .
13 December 2012
Hey
Its co.liability to pay taxes then if director is paying then same to be reimbursed, however TAN no. should be of co. to get tax credit.
Thanks//Vaibhav
Its co.liability to pay taxes then if director is paying then same to be reimbursed, however TAN no. should be of co. to get tax credit.
Thanks//Vaibhav
HARI KRISHNA
(Expert)
13 December 2012
AGREED WITH THE EXPERT
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