Salary paid in cash to employees
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 October 2018
Dear Expert,
Can we pay salary in cash for Rs.20000 /- to the employee.Can these expenses is subject to dis allowance.Please Guide.
Can we pay salary in cash for Rs.20000 /- to the employee.Can these expenses is subject to dis allowance.Please Guide.
04 October 2018
Hi
Yes it disallowed under section 40A(3A)
As per section 40A(3A)cash payment to a person from twenty thousand rupees to ten thousand rupees in a single day; i.e any payment in cash above ten thousand rupees to a person in a day, shall not be allowed as deduction in computation of Income from "Profits and gains of business or profession
Yes it disallowed under section 40A(3A)
As per section 40A(3A)cash payment to a person from twenty thousand rupees to ten thousand rupees in a single day; i.e any payment in cash above ten thousand rupees to a person in a day, shall not be allowed as deduction in computation of Income from "Profits and gains of business or profession
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