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Payment above 20000

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(Querist)
28 January 2009 whether payment of Rs. 20000 or more to an employee as travelling advance is an allowable deduction under income tax or not.
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MAYUR JOSHI

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MAYUR JOSHI (Expert)
28 January 2009 Payment of Advance is not an expense. So, there is no question of deduction under income tax. Payment to employee as advance will be debited to employee's imprest account.

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