Personal credit card used in company

This query is : Resolved

MUKUL CHANDRA DAS (Querist)
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12 July 2016 Dear Sir,
I have hold personal Credit Card in my name.I have paid my Company bill payment like Company telephone bill, Electricity bill, booked Air ticket etc. from my personal credit card for last two years.I have paid around Rs. 8 lac from my credit card on behalf of Company bill payment.Could you please tell me shall i face any problem in future.
Thanks & Regards
Mukul Das

CA Amrita Chattopadhyay

CA Amrita Chattopadhyay

(Expert)
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14 July 2016 If the payments are made from the personal credit card, it may be assumed as personal expenses and the expenses may be disallowed for the purpose of Income Tax. It is required to be verified whether the bills are obtained in the name of the company to prove that expenses were incurred for the purpose of company