40A(3) disallowance or not

Tax queries 85 views 1 replies

If at the site expenses are paid by staff out of PhonePe single transaction around 1lac and the same given to him in cash from company,is it disallowance of 40A(3),there are no supporting bills
 

Replies (1)
Yes disallowed bcoz ultimately co. pay cash exceed 10k


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