Petty cash

Petty cash of Rs.11000 was given to employee as cash cor travelling expenses and he was used tgat for 5 days for various expenses is it disallowed as expense
Replies (2)
Quick Summary
This discussion explores whether petty cash disbursed to an employee for travel expenses is a deductible business expense under Section 37(1) of the Income Tax Act. The general rule states that expenses incurred for business purposes are allowable, while personal expenditures are not. The key consideration is whether the Rs. 11,000 spent over five days was genuinely for company business.

SECTION 37(1): allowable if it expensed for company purpose, disallowed if it is related personal expenditure.

SECTION 37(1): allowable if it is expensed for company purpose, disallowed if it is related personal expenditure.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 23 October 2026
CA Articleship / Article Assistant

M N Rao & Associates LLP

Vijayawada

CA Inter

View Details
Company
ARTICLESHIP 22 October 2026
Articleship intern

Srinath Manikanta

Hyderabad

CA Inter

View Details
Company
31 October 2026
Accountants

sankaran and krishnan

New Delhi

B.Com

View Details
Company
14 October 2026
Accountant

Rize.farm

Bengaluru

B.Com

View Details
Company
ARTICLESHIP 25 October 2026
Article Intern (CA Articleship)

Arpan Bohra & Co

Hyderabad

CA Inter

View Details
Company
ARTICLESHIP 20 October 2026
CA ARTICLE

AMKN & CO

Noida

CA Inter

View Details
Company
Featured ARTICLESHIP 28 October 2026
CA- Inter and Articles

N N V Satish & Co.,

Hyderabad

CA Inter

View Details
Company
ARTICLESHIP 07 November 2026
Article Assisstant

DPV & Associates

Chennai

CA Inter

View Details