Payment of self assessment tax on behalf of company

yashsr (CA) (2270 Points)

30 October 2012  

Hello,

Can a Chartered Accountant pay Self Assessment Tax on behalf of a Pvt Ltd Company if the Company and the Directors do not have net banking? Obviously, the Company will then re-imburse the CA through either Cash or Account Payee Cheque? Is there any section in Companies Act/Income Tax Act which prohibits the same?

 

Does the fact that he is also auditing the Company have anything to do with it?