Expenditure more than rs 20000/-
This query is : Resolved
15 December 2013
ADVANCE PAID TO EMPLOYEE OF THE COMPANY LESS THAN RS 20000/- FOR PAYMENT TO DIFFERENT AGENCIES/SUPPLIER/SERVICE PROVIDER.
LATER ACTUAL EXPENDITURE/WITH LIABILITY CREATED FOR EXPENSES AND ADVANCE ADJUSTED AND BALANCE PAID TO EMPLOYEES.
HERE DIFFERENT BILLS/TRANSACTIONS WHICH RECEIVED DIFFERENT SUPPLIERS/SERVICE PROVIDER WHICH VALUED MORE THAN RS 20000/-EACH BILL SAY ONE IS RS 35000/- ANOTHER IS RS 54500/-, THE BALANCE AMOUNT IS REIMBURSED TO EMPLOYEE WHO PAID TO SUPPLIER OR SERVICE PROVIDER.
WILL ABOVE TRANSACTIONS/PAYMENT UNDER SINGLE BILL OF RS 35000/ OR RS 54500 WILL BE DISALLOWED UNDER SEC 40(3A)
ADVANCE PAID TO EMPLOYEE OF THE COMPANY LESS THAN RS 20000/- FOR PAYMENT TO DIFFERENT AGENCIES/SUPPLIER/SERVICE PROVIDER.
LATER ACTUAL EXPENDITURE/WITH LIABILITY CREATED FOR EXPENSES AND ADVANCE ADJUSTED AND BALANCE PAID TO EMPLOYEES.
HERE DIFFERENT BILLS/TRANSACTIONS WHICH RECEIVED DIFFERENT SUPPLIERS/SERVICE PROVIDER WHICH VALUED MORE THAN RS 20000/-EACH BILL SAY ONE IS RS 35000/- ANOTHER IS RS 54500/-, THE BALANCE AMOUNT IS REIMBURSED TO EMPLOYEE WHO PAID TO SUPPLIER OR SERVICE PROVIDER.
WILL ABOVE TRANSACTIONS/PAYMENT UNDER SINGLE BILL OF RS 35000/ OR RS 54500 WILL BE DISALLOWED UNDER SEC 40(3A)
15 December 2013
how did the employee paid the service providers and how did u reimburse the employee? cash or cheque?
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