Sec. 40a(3)

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Querist : Anonymous

Querist : Anonymous (Querist)

15 March 2014 salary paid in cash for Rs. 40,000/- will attract 40A(3)?

CA Siddhi (Expert)
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15 March 2014 Yes if paid to single employee but it paid to various employees it wont be disallowed

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Querist : Anonymous

Querist : Anonymous (Querist)

15 March 2014 it has been paid to single employee...

But can i show it as loan? and adjust it against salary.

Amol S Joglekar (Expert)
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15 March 2014 show it as current liability in stead!

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