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Disaalowance

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 August 2015 Salary advance paid 40000 in cash,
is it disallowed ??
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CA AnKiT BoHrA (AB)

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CA AnKiT BoHrA (AB) (Expert)
21 August 2015 Yes it will b disallowed dear
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Querist : Anonymous

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Querist : Anonymous (Querist)
21 August 2015 How sir, we don't give the effect to P&L account and we cannot show it as the expense that item will be reflected in the balance sheet.
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CA AnKiT BoHrA (AB)

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CA AnKiT BoHrA (AB) (Expert)
28 August 2015 no advance is allowed as per 269ss and 269tt

secondly

if u had paid advance .. in future u wil adjust it with the salary na... then how u wil b able to overcome section 40 (A)3
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