Salary in cash

This query is : Resolved 

25 April 2012 whether salary more than 20000 can be paid in cash?

25 April 2012 As per section 40A(3)if payment is made above Rs 20,000/- in a single to a single person, same will be disallowed.Even if the salary is paid more than Rs. 20,000/- in a single day, same shall be disallowed.

25 April 2012 yes agree with expert


25 April 2012 yes.pay in cash more than Rs 20000 in cash is disallowed.sec 40A(3).



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