if someone's salary is 65k and he is asking 10k as reimbursment (55k+10k). so can i pay him 10k as reimbursment against bill or not? is there any burden for company?
1 Replies
CA Shiv
(Business Controller)
(2987 Points)
Replied 09 February 2011
Reimbursement means paying to the employee on show of the original bills. SO tht the amt can be charged to P&L of company.
Also there is no liability for the company.../
Recent Topics
- GST registration -notice
- GSTIN Suspended Form GST Reg 17
- Request for GST Clarification regarding ITC
- Is Capital Gain exemption available for Property a
- EPF CONTRIBUION BY EMPLOYER
- Letter of credit -seller procedure
- Filling form 26 QB
- RPT AND ITC ISSUE
- Tax Liability and ITC Summary related Issues
- REQUIRED FORMAT FOR AMENDMENT TO PARTNERSHIP DEED
Related Threads
CAclubindia
