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Credit card payment

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(Querist)
02 January 2019 WE PAID DIRECTORS PERSONAL CREDIT CARD PAYMENT.
WHICH ACCOUNT HEAD TO BE DEBITED . WHAT IS THE IMPACT ON
INCOME TAX , COMPANY LAW.
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
03 January 2019 You can debit to Directors loan if it is related to personal transactions of Director. Normally it is not advisable to pay directors personal Credit card unless it is used for business.

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