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40a

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(Querist)
13 December 2011 Does payment in cash exceeding 20,000 to employees as employee reimbursement allowance is covered under section 40A of Income tax Act
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anurag

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anurag (Expert)
13 December 2011 such payment is disallowed u/s 40A(3).
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SAKSHI

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SAKSHI (Querist)
13 December 2011 means it is considered as a expenditure?????
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anurag

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anurag (Expert)
13 December 2011 it will not be considered as an exp , and the company's profit will be raised due to this disallowance.
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anurag

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anurag (Expert)
13 December 2011 it will not be considered as an exp , and the company's profit will be raised due to this disallowance.
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anurag

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anurag (Expert)
13 December 2011 it will not be considered as an exp , and the company's profit will be raised due to this disallowance.
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anurag

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anurag (Expert)
13 December 2011 it will not be considered as an exp , and the company's profit will be raised due to this disallowance.

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