Tax audit

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Usha Kadam (Querist)
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02 September 2013 whether reimbursement of expenses to director is covered u/s40A(2)(b) and needs yo be reported in tax audit?

CS,CA F,Numrologi TusharSampat (Expert)
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02 September 2013 if the exp it self is not genuine or is paid in excess compared to normal transaction then it may attract sec 40A.

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