Reimburse of exp more than rs. 20k
This query is : Resolved
15 September 2012
Hi All,
Please advise whether the expenses will be disallowed in the following case:
Electricity Exp. paid by employee to Private electricity co Rs. 25000 thru cash, Later on company reimbursed the amount to employee thru cash.
Rgds,
Ramesh
Please advise whether the expenses will be disallowed in the following case:
Electricity Exp. paid by employee to Private electricity co Rs. 25000 thru cash, Later on company reimbursed the amount to employee thru cash.
Rgds,
Ramesh
CA CS Amit S. Kedia
(Expert)
15 September 2012
it will be disallowed u/s 40A(3).
Even if it is reimbursement, the expenses which you are claiming is paid in cash.
Even if it is reimbursement, the expenses which you are claiming is paid in cash.
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