personal credit card using for business
This query is : Resolved
04 November 2019
Dear Sir
we are using personal credit card for business purpose towards purchase of all business related items completely, since our firm is proprietor concern and the card is also not to proprietary, it is other person,
plz advise if any legal issues or income tax issues
09 August 2020
No legal issues...as it is a proprietorship firm..
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Treatment of Renting of Villa
- Evaporation loss in vat return
- DTAA India & UAE
- Regarding remand back of order by ITAT to CIT(A)
- House keeping and security services ITC can claim
- Error AIS modification submitted
- ITR BELATED FILED DEFECTIVE U/S 139(9) AY 2024-25 - FAILED TO SUBMIT THE ONLINE RESPONSE
- Tax payment deduction from house loan EMI
- GST TDS applicability on black trap
- Do I need to pay taxes on uber one credits or Best Buy reward certificate?
- Transfer shares
- Write off a Party Balance
- Import consignment accounting
- GST refund claim on Purchase of Commercial Building
- GST on tour packages service
- Refund of ITC which was used in payment of tax
- TDS rate on Employement Agency and Rating agency
- I & E Code status
- Journal entry in the case of Non Listed Company
- Error while filing LUT
Trending Online Classes
-
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Industry Expert14 February 2025 -
Survey, Search and Seizure under Income Tax Act 1961
CA Hari Agarwal
CAclubindia
