40 a 3
This query is : Resolved
07 February 2017
salary paid to directors of a company more than rs 20000/-
will be disallowed? or not?
08 February 2017
Any cash paid for any expenditure incurred in cash, if the payment to any person exceed 20000 per day, the same is disallowed u/s 40(A)(3). So, salary upto Rs. 20000 will not disallowed but if it exceed rs. 20,000/- it will be disallowed
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