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
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.
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