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Cash expenditure allowed u/s 40(A) 3
whether monthly salary of Rs 20000/- in respect of a single employee can be made in cash as 10000/- paid on 01st day of the month and balance 10000/- paid on 15th of the month. Since the payment to a person in a day doesn't exceed amount prescribed as per 40(3) (A) will be eligible for deduction under PGBP?
Replies (2)
Yes, you can
No restriction
No restriction
Thank you
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