Businessman paid Rs 6.42 lakh for foreign business travel using wife’s card and then reimbursed her; taxman disallowed it, ITAT Mumbai says nothing in law bars it
The individual said he reimbursed his wife after returning to India. (Image for representative purpose only) You incur business expenses on your wife’s credit card and reimburse her. But the tax department raises an objection. This is what happened with a Mumbai-based business man, who then won partial relief from the ITAT.The Income Tax Appellate … Read more
