Cash payment in excess of rs.20000
Querist : Anonymous
our one of employee makes cash payment of rs.35000/- out of his pocket.He puts reimbursement memo in co.& co.is paying rs.35000 to him by cheque.
Is this called cash pmt.in excess of rs.20000 as per 40A by co.?
provide some more details...
Querist : Anonymous
IT IS NOT COVERED U/S 40A.
Click here to login now
Similar Resolved Queries
- Tax on Deemed Capital Gain
- Type of Capital Gain
- Exiting partner in partnership firm in gst portal
- Loss of interest in PF transfer from EPFO to Trust
- Banking Related Issue
- IT returns for fresh job holders
- Grand in aid
- ASMT-10 received from A O
- Taxability of credit in canara bank ET & T section (NRO)
- Traces submitting correction statement error
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
