Section 40A(3)
This query is : Resolved
Mohit Agarwal
(Querist)
13 April 2011
Is Payment to Employee more than 20000 as imprest or advance for expenses also cover u/s 40A(3)?
If employee paid various expenses to various person on different dates, he claim the expenses a lum sum amount from company and company paid him all the payment in cash which is more than 20000 in a day. Is this cover u/s 40A(3)?
If employee paid various expenses to various person on different dates, he claim the expenses a lum sum amount from company and company paid him all the payment in cash which is more than 20000 in a day. Is this cover u/s 40A(3)?
Dhaivat Trivedi
(Expert)
14 April 2011
no ,payment of advance for expense to employee is not covered by 40A(3).
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