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40A(3)
Suppose a person makes payment to 5 different places of Rs. 5000 each and then such 25,000 is reimbursed by company in cash to that person. So, whether such 25,000 will be disallowed to company under section 40A(3), when such payment is in the nature of reimbursement.
Replies (1)
aggregate payment exceeds rs 10000...hence excess of es 10000 will be disallowed
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