Bill Split

Hi,

There is no issue in this and it will not be taxable. If you want to be extra cautious, you can just document this over an email between you and your friend.

Dear Sir,

Hope you are doing well !!

There would be no tax liability on the same.

No, there is no issue.

Hi, it is better to retrieve and keep the copy of the bill to prove the trail in future. If you are having your own business, it will be difficult to differentiate between business and such non business dealings

No it was a loan which they repaid.

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Thank you

proper way  was to trasfer money to friends bank a/c then friends can pay it form respective bank a/c etc. but now for your safet you can get in writing from your firends about thses transactions trail

IN this case Club amount Paid by you from your debit card, should be treated as reimbursement of expenses that you have paid with intention of getting this amount recovered from your friend. Hence it should not form part of your Income and you can take that money back.

If there is a debit and credit of the same amount there will be no issue.

Hello,

There is no issue with it. It won't be taxable.

Regards,

CA Hunny Badlani

Hi

No  it is not taxable there is no issue.

Hi

For safer site you can kept it in written

- Not taxable

There would be no tax liability on the same.

No, there is no issue.