section 40A(3)
This query is : Resolved
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.
10 May 2009
NO, IT WILL NOT
10 May 2009
It will be disallowed only if payment to an employee exceeds 20,000/- and to that extent only.
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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