Disallowances Sec 40A(3)
This query is : Resolved
09 August 2008
Usually We Reimburse Employee traveling expenses such as Traveling/Accomdation(Hotel) Expenses to employees current account(bank acct) on providing of invoices/bills of his travelling.Employee might spent those expenses either card/cash/credit..but Company use to reiburse those expesnes through employees current acct.In this case Does company expenses get disallowed if employee could have been paid thsoe expenses in cash to hotel or travelling agency?plz reply asap
02 April 2012
The mode of payment has to be seen from the point of view of the company and not the employee.
If the company paid the amount through an account payee cheque, then the expense shall NOT be disallowed, even though the employee may have paid the same in cash.
If the company paid the amount through an account payee cheque, then the expense shall NOT be disallowed, even though the employee may have paid the same in cash.
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