Payment in cash
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 September 2011
Dear Friends & Experts
last month in our project a fatal accident was happened and a worker was seriously injured. At that time we gave our HR person Rs 2 lac cash as advance to make expenses for hospitalisation etc. Now he has submitted all the expenses i.e. more than 2 lac. How can I show that expenses in cash or is it disallowed to show at a time or to show bifurcating the expenses. Pls suggest.
last month in our project a fatal accident was happened and a worker was seriously injured. At that time we gave our HR person Rs 2 lac cash as advance to make expenses for hospitalisation etc. Now he has submitted all the expenses i.e. more than 2 lac. How can I show that expenses in cash or is it disallowed to show at a time or to show bifurcating the expenses. Pls suggest.
18 September 2011
Disallowances of cash expenses will attract only if it is a expensed in P&L A/c...
18 September 2011
My dear friend the dis-allowance will be depended on the some facts. My suggestion is please approach your auditor with the facts. However the dis-allowance would be attracted as per section 40A(3) but exempted as per Rule 6DD. Please consult your auditor.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- GST ON EXPORT COMMISSION
- Should I report my US salary for January, February, March in Schedule FA?
- RCM INVOICING FROM NOV-2024
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
