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Payment to director

This query is : Resolved 
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(Querist)
24 August 2012 Hello,
Director spend some money on behalf of company.And now company wants to pay this amount to director.so, sec 40A(3) of Income tax act 1961. is aplicable on this payment.
Amount is more than 20,000/-

regard
gopal
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S Sivasalapathy

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S Sivasalapathy (Expert)
24 August 2012 Sec 40A (3) is not attracted. But sec 269T is attracted.
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