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U/s 40A(3)

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(Querist)
16 June 2010 Dear Sir,
Whether Payment of salary to employees in excess of Rs. 20,000 in cash, will hit the provision u/s 40A(3) disallowance?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
16 June 2010 Yes.it will applicable for salary payment also
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
16 June 2010 yes it is applicable in case of salary payments also.
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CA. BIJENDER KR. BANSAL

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CA. BIJENDER KR. BANSAL (Expert)
16 June 2010 agreed with experts

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