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...
Dintakurthi Tirumala
(Expert)
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
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