Deduction u/s 40A(3)

We are reimbursing conveyance in excess of Rs 20K by cash, whether this is disallowed, even if we r paying FBT on this. pl. clarify

Replies (11)

Yes, Sec 40A(3)  will be attracted and it will be disallowed.

it will be disallowed.

YES disallowed

 

It is as good as payment of Expenses. Hence entire amount disallowed.

it is disallowed

yes ...it will be disallowed.............either u are paying FBT on it......... because it is exps

yes, it will be disallowed

yes disallowed

Originally posted by :rashmi shaw...soon to be CA
" yes disallowed "


 

Yes it is disallowed

yes.. its disallowed mate..

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