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Sec. 40A(3)

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(Querist)
24 February 2011 Cash Reimbursement of Rs. 50,000/- as single payment is it valid?
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C.A.Javid Patel

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C.A.Javid Patel (Expert)
24 February 2011 If the cash reimbursement to Employee then it is valid .
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
24 February 2011 Yes it will be disallowed.

Also see below article for a clear concept and payments exempted from this rule---


https://www.caclubindia.com/articles/expenses-disallowed-under-section-40a-3-and-40a-3a--8806.asp
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