can a company/firm give more than 20000 rs in cash in a day to his employee as an advance for day to day exp ( not for purchase a capital asset )

Answers were Sorted based on User's Feedback



can a company/firm give more than 20000 rs in cash in a day to his employee as an advance for day to..

Answer / pachaiappan s

Advance can be given to employee for incidental expenses.
But, Cash voucher (each expenses) does not exceed Rs.20,000/-
If so paid, the expenses can not be taken in to account.

Is This Answer Correct ?    0 Yes 0 No

can a company/firm give more than 20000 rs in cash in a day to his employee as an advance for day to..

Answer / raghuvstar@gmail.com

While entering into book ,do entry 15000 +5000 each entry in this way we can do.
for any assistance in accounts call @ 9611129966

Is This Answer Correct ?    0 Yes 0 No

can a company/firm give more than 20000 rs in cash in a day to his employee as an advance for day to..

Answer / santosh

NO

Is This Answer Correct ?    1 Yes 3 No

Post New Answer

More Taxation Interview Questions

Sir Kindly tell me Where is the best institute fir SAP(FICO-CIN and New GL module specially) in Hyderabad ASAP. Regards Om 9910699167

0 Answers  


what is service tax? how its count? and why its count?

0 Answers  


WHAT IS THE TDS RATE FOR ASSESSMENT YEAR 2010-11 FOR DIFFERENT CATAGORIES??????????????

4 Answers  


While issue of C form to the seller, c form can be issued on either before @ 2% CST or after @ 2% cst. If so, what is the logic.

5 Answers  


how to calculate and submit to the concerned authority of pf,esi,pt. explaine?

0 Answers   Visa Steel,






What is the general format for a consolidated file extension? It is showing invalid file format? So how to solve the error? How to correct the file format? Help me how to know the general consolidated file format like is it tan no_finan.Yr-quarter-type.Tds is this format correct one? Last time i have found the extension as .Csi is it correct?

0 Answers  


Ir we have bill for CST 2% we made entry 12.5% by mistake then what is solutin for C-form

0 Answers  


Explain deferred tax asset?

0 Answers  


Advance given to wife for buying a property ; tax treatment?

2 Answers  


Which form we use for depositing VAT?

8 Answers   Panasonic, Syntel,


What are the deductions under salary head? Name the items.

0 Answers  


what is fillup form when company issue c form

0 Answers  


Categories