Disllowances??
This query is : Resolved
09 August 2008
An employee who paid by cash in excess of 20000/- against one singele invoice, to any hotel as lodging expenses, and he gets the same reimbursed from his employer, will that expenses get disallwed under Sec 40(A)(3).
Please clarify more clearly.
Please clarify more clearly.
09 August 2008
Yes it is taxable, as the payment is reimbursed in cash on account of companies expenses.
10 August 2008
No it will not be taxable in the hands of company as it is the employee who have paid the exp. & get the same reimbursed from the co.
10 August 2008
No Specificity Is There Is There In Answers Of Experts
Plz Anyone Could Really Answer This Question With Relevant Details??
Plz Anyone Could Really Answer This Question With Relevant Details??
16 August 2008
It is not taxable because hotel is issueing bill in the name of employee only and amount is also paid by the employee. Again employee are reimburse for that expenses. Submission of Bill to employer for reimbursement may or may not reqire. So it is reimbursement of expenses of employees by employer.
regards,
Sandeep Aggarwal
regards,
Sandeep Aggarwal
19 August 2008
But Suppose If The Co. Pays The Employee In Cash Then?
02 April 2012
If the company reimburses the amount in cash, then the amount will be disallowed.
The mode of payment has to be seen from the point of company and not the employee.
The mode of payment has to be seen from the point of company and not the employee.
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