40a

This query is : Resolved 

13 December 2011 Does payment in cash exceeding 20,000 to employees as employee reimbursement allowance is covered under section 40A of Income tax Act

13 December 2011 such payment is disallowed u/s 40A(3).

13 December 2011 means it is considered as a expenditure?????

13 December 2011 it will not be considered as an exp , and the company's profit will be raised due to this disallowance.

13 December 2011 it will not be considered as an exp , and the company's profit will be raised due to this disallowance.

13 December 2011 it will not be considered as an exp , and the company's profit will be raised due to this disallowance.

13 December 2011 it will not be considered as an exp , and the company's profit will be raised due to this disallowance.


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