Sec 40(A)3

Arunashree ( Finance Manager) (117 Points)

10 February 2010  

Hi,

1) If the cash is paid to any person as advance for expenses exceeding Rs.20,000/- whether it attracts Sec. 40(A)3 ?

2) If the cash is paid to an employee as advance/loan exceeding Rs.20,000/- whether it attracts Sec. 40(A)3 ?

Please reply as soon as possible.

Wani

 

 

 

Wani