07 January 2011
Can anybody say, it is a pvt ltd co.,paying to one of its employee 25000/- as his salary through cash, is it allowed r disallowed u/s 40(a) 3.
07 January 2011
under rule 6DD, i.e., exceptions it has not been given that salary can be provide in cash in excess of rs. 20,000. Therefore, it should be disallowed.
CAclubindia
