payment above 20000
This query is : Resolved
21 December 2009
if we pay cash of more then 20000 to an employee and debit his imprest a/c
after that employee incurs expenses
case 1 of more than 20000
case 2 upto 20000
is it disallowed in both the case?
and also if we pay cash upto Rs 20000
and debit his imprest a/c and after that he incur expenses of more than Rs 20000
is it disallowed ?
after that employee incurs expenses
case 1 of more than 20000
case 2 upto 20000
is it disallowed in both the case?
and also if we pay cash upto Rs 20000
and debit his imprest a/c and after that he incur expenses of more than Rs 20000
is it disallowed ?
06 March 2010
if exp is more than 20000/- then disallowed but if exp is till 20000/- and rest is refund or use for other exp then allowed.
if you pay cash 20000/- when exp is more than 20000/- then also allow. but rest payment will be made next day in cash.
if you pay cash 20000/- when exp is more than 20000/- then also allow. but rest payment will be made next day in cash.
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
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Scrutiny and reopening of past returns
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- F & O PROFIT REPORTING FOR AY 2026-27
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- 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
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
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
