Rajeev Dewan (Accounts Executive) (45 Points)
10 May 2013Dear All,
I am working as an accountant cum cashier in a proprietorship firm. My boss transfer me some amount on daily basis in my personal account from company's current account as imprest.
It is 60-70k per month on average.
Can i have to pay tax on that amount ?
Thanks
Rajeev Dewan
(Accounts Executive)
(45 Points)
Replied 10 May 2013
Only that na?
Other than this nothing to worry ?
Ganeshbabu K
(Audit and Tax Advisory)
(48559 Points)
Replied 10 May 2013
if it is below 1 lakhs like there will be no problem.
i have observed on so many cases no one is disclosing their saving bank interset details in their bank account..
however it will not be a big problem but you can ask your employer to open one sb in his name and you can use that atm for money needs if he accept-so that every thing goes right
CAclubindia
