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section 40A(3)

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(Querist)
09 May 2009 whether salary payments in cash amounting to Rs 2500000 to 352 employees under a single voucher will be disallowed as it exceeds RS 20000. Pl. help me giving structured explanation.
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Manmohan ACA, CS

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Manmohan ACA, CS (Expert)
10 May 2009 NO, IT WILL NOT
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CA Nitin Wadhwani

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CA Nitin Wadhwani (Expert)
10 May 2009 It will be disallowed only if payment to an employee exceeds 20,000/- and to that extent only.
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taxindiaconnect

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taxindiaconnect (Expert)
11 May 2009 The payment made to each employees will be treated a different payment for rule 6DD and hence payment to en employee exceding Rs 20 K will be disallowed.

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