https://www.taxtmi.com/forum/issue?id=2800 Whether customer payments deposited into a director's personal account and later transferred to the company are company receipts or director's income: where such receipts are recorded in the company's books and not used personally by the director, they are treated as company receipts and not taxable in the director's hands, although using a personal account for company transactions creates compliance and evidentiary risks and is not recommended long term. en-us Thu, 17 Feb 2011 14:15:26 +0530 Thu, 23 Jan 2025 15:58:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=2800 Whether customer payments deposited into a director's personal account and later transferred to the company are company receipts or director's income: where such receipts are recorded in the company's books and not used personally by the director, they are treated as company receipts and not taxable in the director's hands, although using a personal account for company transactions creates compliance and evidentiary risks and is not recommended long term. Discussion-Forum Income Tax Thu, 17 Feb 2011 14:15:26 +0530 https://www.taxtmi.com/forum/issue?id=2800