Ezylife โ "The Name Makes Your Life Easy" ๐ฏ๐ก๐ฐ
๐ Facing loan-related issues? We've got the solution!
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โช Ezylife โ The Name Makes Your Life Easy!
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Income Tax Alert for Directors & Consultants
If you use your personal credit card for official company expenses and later claim reimbursement, be careful.
๐ฅ Large reward points/cashback earned on such spends may be taxed as business income.
Reason: The benefit (reward/cashback) arises directly from your professional activity, not personal use.
Use corporate cards wherever possible to avoid future tax exposure.
#incometax #creditcard