Section 40a3 cash payment
This query is : Resolved
21 March 2015
Can limited company give advance of Rs.50000.00 in cash to its employee for official tour within India??
In above case whether Section 40A3 Disallowance of 100% of expenditure if payment is made by any mode other than account-payee cheque or draft
will be invoked????
In above case whether Section 40A3 Disallowance of 100% of expenditure if payment is made by any mode other than account-payee cheque or draft
will be invoked????
21 March 2015
but these expenses will b paid to different persons and on different dates na..
Your employee wil pay these to different persons like for fooding, accodmation, and that too on different dates so it wil b allowed
you can give advance for expenses
Your employee wil pay these to different persons like for fooding, accodmation, and that too on different dates so it wil b allowed
you can give advance for expenses
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