An employee who paid by cash in excess of 20000/- against one singele invoice, to any hotel as lodging expenses, and he gets the same reimbursed from his employer, will that expenses get disallwed under Sec 40(A)(3).
Please clarify.
I want to know whither in case of a company preliminary expenses and pre-operative exps are to be written off in 5 years or in 10 years. plz ans.
Usually We Reimburse Employee traveling expenses such as Traveling/Accomdation(Hotel) Expenses to employees current account(bank acct) on providing of invoices/bills of his travelling.Employee might spent those expenses either card/cash/credit..but Company use to reiburse those expesnes through employees current acct.In this case Does company expenses get disallowed if employee could have been paid thsoe expenses in cash to hotel or travelling agency?plz reply asap
Conveyance expenses reimbursements to professional whether TDS reqiured to be dedcuted u/s 194J of Income Tax ?
Hi
If a contractor Reimburses Transportation Charges to Petty Contractor for bringing labour to Project site whether TDS shall be deducted on such amt or not
How to computed Deferred tax & Mat Calucation & With Exaple
Regards
Harish
In case of frieght payments to carriers such as lorry who don't have any bank accounts in the place of unloading, payment could be made only by cash which may exceed Rs 20000 on a single day to the same party.
is there any mode so as to strictly comply with Section 40A of the Income tax Act 1961
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