Trv. Exp. of Rs. 35000/- paid in cash , whether allowable a
This query is : Resolved
Maulik Zaveri
(Querist)
19 September 2009
From:
Maulik ZAveri
Mobile(s) No.:9898002186
E-mail Id: mdz777@rediffmail.com
Dear Sirs,
I want to ask one question that if Mr. Z Sales Manager of company went on trip for comapny's work and after returning from it if they submit Traveling Bill of Rs. 35000/- (Include Hotel Bill for Stay, Food Bill, Taxi Fare)and same was paid by Accounts Department in Cash IN SINGLE TRASCATION,then it is allowable or disallowable
u/s 40A(3) ? (As normally exp. paid in cash above Rs. 20000/- in cash is not allowable exp. for deduction)
Please answer the same on my e-mail ID mdz777@rediffmail.com
Best Regards,
MAulik Zaveri
Maulik ZAveri
Mobile(s) No.:9898002186
E-mail Id: mdz777@rediffmail.com
Dear Sirs,
I want to ask one question that if Mr. Z Sales Manager of company went on trip for comapny's work and after returning from it if they submit Traveling Bill of Rs. 35000/- (Include Hotel Bill for Stay, Food Bill, Taxi Fare)and same was paid by Accounts Department in Cash IN SINGLE TRASCATION,then it is allowable or disallowable
u/s 40A(3) ? (As normally exp. paid in cash above Rs. 20000/- in cash is not allowable exp. for deduction)
Please answer the same on my e-mail ID mdz777@rediffmail.com
Best Regards,
MAulik Zaveri
CA. B.SRINIVASULU
(Expert)
19 September 2009
It is an allowable expenditure so long as the break up of that expenditure if you consider any one item should not exceed 20000.
CA CHINTAN AJMERA
(Expert)
20 September 2009
Agree
CA Suresh Choudhary
(Expert)
20 September 2009
Agree with expert
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