Wrongly advise

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Querist : Anonymous

Querist : Anonymous (Querist)

12 December 2013 i wrongly advice to my employer to paid more then 20,000/- in cash for party expenses.. please give suggestion what i do.. i know its my fault. but give suggestion with section

Ganeshbabu K

Ganeshbabu K (Expert)
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12 December 2013 if possible split cash payment vouchers for two seperate dates

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TRINATH

TRINATH (Expert)
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12 December 2013 1)SEC 40A(3) SHALL BE APPLICABLE AND THE AMOUNT SHALL BE DISALLOWED

I THINK YOU DID TWO GR'S IN SAME DATE.

U/S 40A(3)a : - WHERE PAYMENT MADE FOR PLYING,HIRING OT LEASING GOODS CARRIAGES, THE PAYMENT SHALL MADE BY ACCOUNT PAYEE CHEQUE IF THE AMOUNT OF PAYMENT EXCEEDS RS. 35000/- INSTEAD OF RS. 20000/- APPLICABLE ALL OTHER CASES

REFER SEC 40 A

Rupesh Jain

Rupesh Jain (Expert)
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13 December 2013 under section 40A(3) with rule 6DD

payment for exp will 100% disallowed and add in income of assesse above Rs. 20000/-

and 35000/- for transporter you can pay cash in one day.