Easy Office
Easy Office

Cash payment over rs.20,000

This query is : Resolved 

08 December 2011 If an employee of a pvt. ltd. company made a payment of Rs.40,000 by his personal credit card towards single invoice of hotel food expenses ( for company party) and company reimburse the same expense in cash. Does it comes under rule of cash payment above Rs.20,000. please confirm.

Thanks in advance.

Arun Jain

08 December 2011 Yes it comes under 40(A)3, Reimbursement does not alter the color of expense.



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

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries