Exceptions to section 40a(3) rule 6dd
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 November 2013
If cash outflow is made exceeding Rs. 20000/- to single person as an advance if he/she is handling some site , so amount is paid to such person to carry out all site exps whether that should be disallowed under section 40A(3) or not?
19 November 2013
In case the advance is paid in the name of an employee of the Company and recorded as Cash at site in the books, no disallowance u/s sec 40A(3) is warranted, provided that no single payment exceeding Rs. 20,000 to a person in a day is made.
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