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Section 40(a)(3)

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 December 2015 A COMPANY SPENT 10 LACS ON EUROS FOR AN EVENT IN A FORIEGN COUNTRY. EVERYTHING IS OK BUT THE AMT SPENT WAS IN CASH IN A SINGLE DAY.

NOW HOW DOES THE COMPANY SHOW IT IN ITS BOOKS, SINCE AS PER IT ACT ONLY RS20000/- IS PERMITTED IN A DAY.


PLEASE HELP
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
15 December 2015 You may refer Rule 6DD to find the way out.

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