Salary payment
This query is : Open
20 June 2015
dear all the experts solve it
as per sec40a(3) any payment exceeding 20000rs is not allowable.
but sir have paid 30000 salary in cash p.m to my employee so can i paid 30000 by two installment of cash payment says 15000.p.m
as per sec40a(3) any payment exceeding 20000rs is not allowable.
but sir have paid 30000 salary in cash p.m to my employee so can i paid 30000 by two installment of cash payment says 15000.p.m
20 June 2015
NO Section 40A(3) will not apply in above case
20 June 2015
so which section will apply sir??
and give me the solution for this..how can i treat this transaction for allowable exp
and give me the solution for this..how can i treat this transaction for allowable exp
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