09 July 2010
If company (Pvt. Ltd.) is using directors credit card for making business payemnts then interest paid on late payemnt of credit cards will be allowed as business expenditure or not?
Directors are using their cards for their personal use also.
12 July 2010
If the delay in payment of dues can be attributable towards business dues then the same may be allowable for IT purpose. Otherwise there is bleak case for the same.
CAclubindia
