Sec. 40a(3)

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Querist : Anonymous

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

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

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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.


15 March 2014 show it as current liability in stead!



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