Payment to director
This query is : Resolved
24 August 2012
Hello,
Director spend some money on behalf of company.And now company wants to pay this amount to director.so, sec 40A(3) of Income tax act 1961. is aplicable on this payment.
Amount is more than 20,000/-
regard
gopal
Director spend some money on behalf of company.And now company wants to pay this amount to director.so, sec 40A(3) of Income tax act 1961. is aplicable on this payment.
Amount is more than 20,000/-
regard
gopal
24 August 2012
Sec 40A (3) is not attracted. But sec 269T is attracted.
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