If a Director pays income tax of a company by his credit or debit card, on behalf of company ,and company gives director a cheque for tax paid, is it allowed.
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Quick Summary
This discussion explores whether a director can legitimately pay a company's income tax using their personal credit or debit card, with the company reimbursing them via cheque. While possible, it's generally recommended for accounting clarity and compliance that all such payments are made directly from the company's bank account. The thread also touches on issues with online tax payment systems for corporate entities.
It's better to pay payment like income tax from companies Bank account only for accounting purposes . Acknowledgment receipt should be in the name of company after payment through challan .
Due to some reason some problem thro net banking , and for companies when bank trying to load advance tax form ITNS 280, not accepting saying for corporate pay through net banking.