40a


This query is : Resolved 

(Querist)
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

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

SAKSHI (Querist)
13 December 2011 means it is considered as a expenditure?????

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

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

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

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


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
26 September 2026
Chartered Accountant

pushpganga ventures

Pune

CA

View Details
Company
Featured ARTICLESHIP 06 October 2026
Semi Qualified

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
12 October 2026
AUDIT , ACCOUNTS AND TAXATION

KDSS

New Delhi

B.Com

View Details
Company
ARTICLESHIP 07 October 2026
Article assistant

S.K.Bajpai & Co.

Noida

B.Com

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details
Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details
Company
15 October 2026
Senior Accountant

Continental Belting Pvt Ltd

Mumbai

B.Com

View Details
Company
19 September 2026
Finance Manager

Mugdha Art Studio

Hyderabad

CA

View Details