Section 40(a)(3)
This query is : Resolved
Querist : Anonymous
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
NOW HOW DOES THE COMPANY SHOW IT IN ITS BOOKS, SINCE AS PER IT ACT ONLY RS20000/- IS PERMITTED IN A DAY.
PLEASE HELP
15 December 2015
You may refer Rule 6DD to find the way out.
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