40a(3) transactions
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 September 2015
Salary Advance Paid To Employee In Excess Of Rs.20000 Is It Allowed 40A(3) Transaction
18 September 2015
salary advance is not an expense... so it would not attract 40 (A)3.. but it will attract sec 269SS and 269TT
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18 September 2015
40A reads expenses/payments.
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