Sec. 40A(3)
This query is : Resolved
24 February 2011
Cash Reimbursement of Rs. 50,000/- as single payment is it valid?
24 February 2011
If the cash reimbursement to Employee then it is valid .
24 February 2011
Yes it will be disallowed.
Also see below article for a clear concept and payments exempted from this rule---
https://www.caclubindia.com/articles/expenses-disallowed-under-section-40a-3-and-40a-3a--8806.asp
Also see below article for a clear concept and payments exempted from this rule---
https://www.caclubindia.com/articles/expenses-disallowed-under-section-40a-3-and-40a-3a--8806.asp
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