Expenses incurred on behalf of employer

Tax queries 154 views 1 replies

Dear Sir,

I have a quarry ,pls advice us , details is under :-

I am paying electricity bill, telephone bill etc through my credit card on behalf of my comapany ( my employer ) as our Managing Director not available every time) , after making payment -- he is giving account paying cheque in my name of the expenses amount . Now my question is ---  in Income Tax point of view will it add my income . How I will treat it in my I-T return. 

Waiting for your guidance.

 

 

Replies (1)
No it will not your income as it is reimbursement of expenses so it should not be included in ITR


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