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
CAclubindia
