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Section 40A(3) and petty cash

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Final Student
152 Points Posted on 25 April 2018
Can a society running an educational institute i.e., a college, give an amount of more than rs 10000 in cash in a single day to its accountant for petty cash expenses of varied nature.
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On 25 April 2018 at 20:53 Report
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Accountant
3479 Points Posted on 25 April 2018
Yes, you can give no problem
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On 25 April 2018 at 21:23
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Final Student
152 Points Posted on 25 April 2018
Section 40A(3) attract nahi hoga kya isse?
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On 25 April 2018 at 21:24
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B.Com
473 Points Posted on 25 April 2018
no problem, section 40A(3) not applicable
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On 25 April 2018 at 23:26
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student
600 Points Posted on 25 April 2018
yes it can
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On 25 April 2018 at 21:18

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