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Suggestion U/s 40A(3)

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(Querist)
17 October 2007 Dear Sir,

Please Suggest, Salary paid to the Directors of the Company Exceeding cash Rs .20,000 is Disallowed U/s 40A(3) or Allowable Exempt from Tax U/s 40A(3)
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CMA Gul S

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CMA Gul S (Expert)
17 October 2007 Hello Mr Prasad,

you are inviting problems, Please pay by Crossed Check and payemnt made >20000 to be paid by cheques
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Late CA Sampat Jain

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Late CA Sampat Jain (Expert)
17 October 2007 any business expenditure incurred in cash exceeding RS 20,000 is disallowable .There is no exception in rule 6d for director remuneration.
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Ravikumar.G

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Ravikumar.G (Expert)
17 October 2007 Group of Salaries/wages single person not exceeding Rs.20,000/- can be paid by cash.
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KAAPIL

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KAAPIL (Expert)
08 November 2007 Thans to all our EXPERTS.
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CA. O.P. Agarwalla

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CA. O.P. Agarwalla (Expert)
19 November 2007 Whether the Company can pay weekly salary?

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