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.
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