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Cash voucher more than Rs.10,000/-
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.
Replies (5)
Quick Summary
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.
Sec 40 A (3) is not applicable for loans paid or disbursed.
Section 269ss will apply in your case
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
Yes definitely sir. You have mention all your bank accounts while filing your IT return.
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