Limit of 20000 in cash
This query is : Resolved
27 February 2015
Respected senior's
I WANT TO KNOW ABOUT SEC40(3) RULES FOR PAYMENT IN CASH.
IS IT FOR PER HEAD WITH PER PERSON
OR PER PERSON
MEANS IF ANY COMPANY REIMBURSE EXPENSE TO
THEIR STAFF FOR TA 19000 &
FOODING 4500 IN CASH ON A SINGLE DAY TO SAME PERSON......
CAN COMPANY ARE ALLOWED TO GIVE REIMBURSMENT UNDER DIFF HEAD
02 March 2015
ti does not speak of per head etc it simply says any exp paid in excess of rs 20,000 in a single day to a single person shall be disallowed.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- PPF interest-As Exempt Income disclosure
- Section 194JA & JB Income which ITR Form to use
- Scrutiny and reopening of past returns
- Pass word to open justification report for Q1 for FY 2026-27
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Type of Capital Gain
- Rental income of jointly held property
- FEMA regulation Act. for inward remitance
- TDS on Rent received on redevelopment of building
- Tax on Deemed Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
