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.

Pragnesh

Pragnesh (Expert)
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18 September 2011 Disallowances of cash expenses will attract only if it is a expensed in P&L A/c...

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)
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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

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