40a(3) transactions

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

18 September 2015 Salary Advance Paid To Employee In Excess Of Rs.20000 Is It Allowed 40A(3) Transaction

CA AnKiT BoHrA (AB) (Expert)
Follow

18 September 2015 salary advance is not an expense... so it would not attract 40 (A)3.. but it will attract sec 269SS and 269TT

Message likes : 1 times

Amol S Joglekar (Expert)
Follow

18 September 2015 40A reads expenses/payments.

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Unanswered Queries

view all classess