12 March 2009
EXP.IN EXCESS OF RS.20000/- IN CASH WILL ATTRACT PROV.OF SEC.40A(3). FURTHER PT OF DIRECTORS NEEDS TO BE PAID ONCE IN A YEAR AND COMPLETE AMOUNT NEEDS TO BE DEDUCTED FROM SALARY.
IN DIRECTORS FILE IT COMES UNDER HEAD SALARIES. SINCE HE IS EMPLOYEE OF THE COMPANY.
CAclubindia
