Do you think 40A(3) is applicable for salary payments?
3 Replies
rocky
(accountant)
(948 Points)
Replied 01 June 2017
Where the payment is made by an assessee by way of salary to his employee after deducting the income tax from salary in accordance with the provisions of the Income Tax Act , and when such employee:-
Is temporarily posted for a continuous period of 15 days or more in a place other than his normal place of duty or on a ship; andDoes not maintain any account in any bank at such place or ship
Is temporarily posted for a continuous period of 15 days or more in a place other than his normal place of duty or on a ship; andDoes not maintain any account in any bank at such place or ship
rocky
(accountant)
(948 Points)
Replied 01 June 2017
Where the payment is made by an assessee by way of salary to his employee 1)after deducting the income tax from salary in accordance with the provisions of the Income Tax Act
2)when employee Is temporarily posted for a continuous period of 15 days or more in a place other than his normal place of duty or on a ship;
3)when employee Does not maintain any account in any bank at such place or ship
2)when employee Is temporarily posted for a continuous period of 15 days or more in a place other than his normal place of duty or on a ship;
3)when employee Does not maintain any account in any bank at such place or ship
RAMA KRISHNAN
(247 Points)
Replied 01 June 2017
in normal circumstances it's not allowed and as mentioned by mr. rocky , on exceptional circumstances it is allowed
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