04 December 2012
our company has given 22000 rs in cash to employee for business tour & enter it as advance given to employee. when the employee will come after tour settlment is done & this advance transfer to Travelling Exp. weather this expense is disallowed ????
04 December 2012
It is disallowed only if the employee spends the single expenses exceeding Rs.20000 in a day. if he spends small amount then not disallowed
CAclubindia
