An emergency purpose we have made the cash payment in hospital (one of company employee admitted in hosp) more than 30K and we got receipt for the same.
as per rule only 20K is the eligible amount to pay in cash.hence how could i book the 30K Expenditure, Kindly suggest.
04 September 2014
in case of emergency like bank are closed, there is exception in section 40(a). i think if you can convince that there was an emergency and unavoidable circumstances, dis allowance can be avoided.