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Cash voucher more than Rs.10,000/-

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Assistant Accounts Officer (Retd) in Ele
106 Points Posted on 10 October 2020
In my opinion cash voucher more than Rs.10,000/- is disallowed if it is expenditure. If it is loan to staff say Rs.20,000/- what would be the treatment.
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On 10 October 2020 at 11:32 Report
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151 Points Posted on 10 October 2020

At the time of granting loan, such amount will not be disallowed as it is not debited to P& L 

As per my opinion ,  if such advance is recovered from salary,such salary is debited to P&L ..and hence it will get disallowed then .So it would be better if you don't recover from salary.

2 Reply
On 10 October 2020 at 12:36
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Profession Business
28207 Points Posted on 10 October 2020
Sec 40 A (3) is not applicable for loans paid or disbursed.
44 Reply
On 10 October 2020 at 12:48
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12244 Points Posted on 10 October 2020
Section 269ss will apply in your case
35 Reply
On 10 October 2020 at 21:30
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2 Points Posted on 11 October 2020
I have many bank account but salary / income sourse come only single account but using other account also for transfer fund and exp so will have manditary to show all acccount in return plzcadvice
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On 11 October 2020 at 13:14
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18 Points Posted on 11 October 2020
Yes definitely sir. You have mention all your bank accounts while filing your IT return.
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On 11 October 2020 at 19:01


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