Sec 40a (3)

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siva (Querist)
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04 November 2008 Dear Sir,

Whether Cash Payment in excess of Rs. 20,000 towards advance for expenses paid to one of the facility department member in a company will be allowed U/s 40 a (3)? the employee will settle all the bills by the end of the month against advance. The company will post the entry as advance.

Whether Sec 40 a (3) applicable for only for expenses or even applicable for advances?

If ok then

If the person used that amount for expenses for. eg. purchase of diesel in a single petrol pump for less than 2000/- but more than 20000/- multiple bills in a single day will be allowed?

S.Srinivasaraghavan

S.Srinivasaraghavan (Expert)
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04 November 2008 Even if it is made as an advance and subsequently it is written off as expenditure the section will be applicable.

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