07 June 2013
If a company has advanced Rs.30,000 to employee through cheque and such employees has paid Rs.28,000 in cash to buy a US dollar for business trip.
company has booked expenses of such US dollar incurred during that business trip of Ra.28,000 on single date. whether Disallowance Us/ 40(a)(3) will be applicable.
if in above case if company bookes expenses by splitting expenses in two part on different date then what will be the case.
CAclubindia
