Easy Office
LCI Learning

Employee Pays On behalf of Company

This query is : Open 
Profile Image

Profile Image

(Querist)
27 January 2010 Hi All,

What if an employee pays on behalf of the company to the vendors through his credit card and company pays him by settling his credit card bills...

And what of same happens in case of director

Pls reply in case Employee is a relative/non relative of director.

If possible give references to sec/AS

Thanx in advance !
Profile Image

CA. Pradeep Nayak

Profile Image

CA. Pradeep Nayak (Expert)
27 January 2010 Its a simple case of reimbursement. No tax/perquisite will be applicable.
Profile Image

Manoj Mane

Profile Image

Manoj Mane (Querist)
27 January 2010 Thanx a lot,
but what about disclosures required r there any ?
Upgrade to CAclubindia Pro. Subscribe Now!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links