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Advance payment for expenses

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 August 2011 advance cash payment for trip expenses to the employees for amt more than 20000Rs. in transportation company is allowed under income tax act or is disallowed.

plz help
thanx
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
19 August 2011 If you book the expenses in excess of Rs.20000 as single expenses against the paid advance then the particular expenses dis allowed as per section 40A(3) of Income tax act subject to rule 6DD
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