POSTED BY March 5, 2014 12:21 pm COMMENTS (3)ON
I am running a business and due to no finance support, I am using my personal credit cards to support my business. I want to know how to show these transactions in my personal tax returns to avoid any issues in future. We are making the payment direct from the company to the credit card account. Is there is any way to report to Income tax department about the same usage and I am personally not getting any profit to it. Highly appreciated your help.
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