Menu
Cash payment above 20000
Heyyy I hav query that 1) adavance payment above rs 20000 for different expenses incurred by him for co paid to employee disallowable???
2) book adj for expenses settlement amt above rs 20000 disalliwable?????
Replies (1)
As per my opinion company can give advance to Its employees over and above 20k... As per the provision expenses can not be made
Book adjustment can not be disallowed if it is not against the single bill i.e if employee makes expenses and pays to different person in a day it can not be disallowed on the ground of single entry if all expenses shown by debiting specific expense
Recent Threads
- Heard & Seen Around – Your Daily Economi
- Purchase and sales of Shares entry in Tally
- Where to know latest GST HSN Codes and their Rates
- Hsn code and rate cnsl crude oil
- Clarification required on taxation of income from
- Pension Income up to Rs.1,66,250 per month equal t
- Reappointment of Managing Director in a private li
- VAT deducted by Saudi company
- RCM doubt please clarify
- Should open NRO account?
Related Threads
CAclubindia
