40A (3) Disallowance

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RENU GUPTA (Querist)
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23 June 2016 Can a company give staff advance in cash more than Rs. 20000... ? Would it lead to violation of 40A (3)? Actually company is a gta... n if company has to make lorry payment of Rs.60000, then it make payment of 35000 for lorry hire and pay balance to its staff... n next day staff ka advance reverse kar dete h... is it allowed ? if yes, then it would b a loophole

Rupesh Jain

Rupesh Jain (Expert)
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24 June 2016 if payment make not more than in a day to one employee Rs. 20000/- then no violation of this section.

Rupesh Jain

Rupesh Jain (Expert)
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24 June 2016 if payment make not more than in a day to one employee Rs. 20000/- then no violation of this section.

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