Directors expenses through credit card
This query is : Resolved
16 March 2009
Please let me know in private limited company is it possible to claim expenditure incurred by directors through his credit card, as business expenditure please its urgent please reply.
Such expenditure is in nature of hotel bill, petrol diesel etc please reply with reference to some section or case laws
Such expenditure is in nature of hotel bill, petrol diesel etc please reply with reference to some section or case laws
16 March 2009
Dear Rakesh,
yes it is possible. Section 28 too 44 in B&P contains provsions which says that expenditure incured for business purpose, includes reimbursment to employee or director, will be allowable.
If payment of hotel bill, or diesel, etc is for the purpose of business then it is possible to claim it as business expenditure.
Doen't remember the case law but its sure.
yes it is possible. Section 28 too 44 in B&P contains provsions which says that expenditure incured for business purpose, includes reimbursment to employee or director, will be allowable.
If payment of hotel bill, or diesel, etc is for the purpose of business then it is possible to claim it as business expenditure.
Doen't remember the case law but its sure.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- Capital gain consideration
- TDS deduction (debit notes)
- Can a partnership firm become partner in a LLP ?
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- TDS on purchase of value vouchers for employees ?
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
