Urgent query

in case were a employee of the company pays  vehicle repair charges of the company through his own personal credit card. What are the implications as far as company law is concerned and tds is concernd.The bill amount is around 16000 Rs .

Is it necessary to have a resolution in place for inurring of such expenses by employee for such expenses

Is the employee liable to deduct TDS( on behalf of the company, as he is an individual) in case there is a AMC contract with the vehicle repairing company for car servicing etc.

kindly provide your sanswers and views

Replies (2)

1. Employee will not liable to TDS...Company should reimburse him repair charges spent by him on behalf of Company.

2. Company must have to demand Bills on his own name for that repair charges from "vehicle repair entity-firm/ individual/company whatever it is"

3. And deduct TDS accordingly.

4. Expense would be debited under "Repairs and Maintenance- Vehicles"

 

Thanks and Regards.

thanx rikin ..but what about the resolution is it required in case if the person making such payment is an employee of the company or an employee of the group company. as nothin is mentioned in the letter of appointment of such employee.

 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
16 September 2026
Internal Audit - Team Lead

Consulting & Beyond

Chennai

CA

View Details
Company
ARTICLESHIP 24 August 2026
Chartered Accountant Articles

Rohit KC Jain & Co

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 15 September 2026
Freelance Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 01 September 2026
Article Assistant

SGNG & Associates

New Delhi

CA Inter

View Details
Company
09 September 2026
Semi Qualified CA / CA Inter - 2 Groups Cleared

Getmyca Consultant Pvt Ltd

New Delhi

CA Inter

View Details
Company
28 August 2026
Assistant Manager

NRS AND ASSOCIATES

Kozhikode

CA Inter

View Details
Company
ARTICLESHIP 26 August 2026
Article Assistant

ANIVESH CONSULTANTS LLP

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 25 August 2026
CA Article's

Saini Pati Shah & Co LLP

Mumbai

CA Inter

View Details