I want to ask one question that if Mr. Z Sales Manager of company went on trip for comapny's work and after returning from it if they submit Traveling Bill of Rs. 35000/- (Include Hotel Bill for Stay, Food Bill, Taxi Fare)and same was paid by Accounts Department in Cash IN SINGLE TRASCATION,then it is allowable or disallowable u/s 40A(3) ? (As normally exp. paid in cash above Rs. 20000/- in cash is not allowable exp. for deduction)
Please answer the same on my e-mail ID mdz777@rediffmail.com
CAclubindia
