Menu
Cash transactions
are 269SS,269T,269ST applicable only to business transactions?and what about sec 40a(3)?
Replies (5)
1. Section 269SS, 269T, 269ST applicable to all transactions i.e business as well as non business
2. Section 40A(3) applicable only for business transaction.
2. Section 40A(3) applicable only for business transaction.
Thank u very much sir
Most welcome......
If any company employee take money from company as imprest for doing a daily basis expenses for branch than what is consequences for employee ?
@ Mr. Davender Kumar
There is no tax implications in hands of Employee, because it's not a income of Employee.
You have taken Money advance as imprest and that using it for Company business purposes, if there is any balance in your hand than also it's considered as balance with Company only, not you.
There is no tax implications in hands of Employee, because it's not a income of Employee.
You have taken Money advance as imprest and that using it for Company business purposes, if there is any balance in your hand than also it's considered as balance with Company only, not you.
Recent Threads
- Exports against INR PO payable by Domestic Company
- Which websites are best for government exam prepar
- TDS on maturity payment of LIC of india
- ITR2 Gold ETF short and long term
- Query under faceless assessment
- Purchase of business
- Refund of ITC for advance paid to overseas supplie
- Clubbing query (when gifts given to multiple fami
- Transfer Pricing Audit Upload Form 3CEB - Income T
- Only a Few Pages Indexed by Google Despite Sitemap
Related Threads
CAclubindia
