is this provision applicable in case of foreign branch expenses ?
Payment made - 5000 AED
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sec 40A(3) cash disallowance
Replies (3)
provision is applicable but u can take dedution of rs 5000 because disallowance is above the 10000 and in case of GTA i.e 35000.
The amount of payment made in cash is 5000 AED = 90,000 Rupees
Your expenses would be Disallowed.
But I'm still wondering how are you going to send Cash to your foreign branch because there are many restriction on currency conversion etc. !
But as far as law is concerned it will be Disallowed.
But I'm still wondering how are you going to send Cash to your foreign branch because there are many restriction on currency conversion etc. !
But as far as law is concerned it will be Disallowed.
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