Fixed Assets

This query is : Resolved 

15 March 2011 Our company purchase one laptop for one of our staff, payment for the same done by staff through his credit card, finally company reimburse the amount to staff, is it allowable as per IT rules,

IV raised on behalf of company

15 March 2011 Dont wory it is allowed. You can explain the AO just as you explained it to me. There's nothing wrong.



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