Cash reimbursement to a single employee exceeding 20,000
This query is : Resolved
03 March 2017
Cash payment made to an employee for travelling expenses incurred by him is exceeding 20,000 .Whether the above mentioned expenditure is disallowed?
Thanks in advance.
03 March 2017
Yes the mentioned payment is not allowed since it’s an expense to the company. Further cash payment to single party in a single day is restricted to Rs.20,000.
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