Official travelling expenses more than 30000
This query is : Resolved
24 August 2012
Sir,
Shall we pay travelling expenses like hotel bills, more than Rs.50000 on a single day by cash. actually we paid to the staff by means of advance for travel. but at the time of his return he brings a hotel bill for Rs. 88000, the entire amount paid by the staff through on various installments but more than 20000. shall we account the total amount of Rs.88000 as single cash payment entry against bill. any TDS will effect. The above travell is fully official purpose only.
Shall we pay travelling expenses like hotel bills, more than Rs.50000 on a single day by cash. actually we paid to the staff by means of advance for travel. but at the time of his return he brings a hotel bill for Rs. 88000, the entire amount paid by the staff through on various installments but more than 20000. shall we account the total amount of Rs.88000 as single cash payment entry against bill. any TDS will effect. The above travell is fully official purpose only.
24 August 2012
If the payment is made to staff for the out of pocket expenses met by him for the purpose of the official tour or visit, then it shall not attract section 40A(3) nor the provision of TDS are applicable on the same.
Message likes :
1 times
24 August 2012
Yes Agree With Above Reply/
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
- Refund Annexure-B
- Liable to deduct tds and 44ADA
- Sale of Equity shares for Purchase of Residential Property
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- ECO SUPPLY REPORTIONG IN GSTR-1
- Is Interest applicable for payment made through credit ledger vide DRC03 for FY 2020-21 & 2021-22
- CCFS 2026 Schemed
- Subscription paid to foreign customer
- Two seprate Invoice needed
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
