Salary paid in cash-14000
Childeren education allowance paid-7000
Total amount booked as salary-21000
whether it is violation of section under section 40(a)
CA Parul Saxena (CA) (8459 Points)
23 February 2013Salary paid in cash-14000
Childeren education allowance paid-7000
Total amount booked as salary-21000
whether it is violation of section under section 40(a)
CA Prashant Gupta
(DGM (F & A))
(14068 Points)
Replied 23 February 2013
yes,
becasue full salary is more than 20000
CA Parul Saxena
(CA)
(8459 Points)
Replied 23 February 2013
One more thing if salary paid to Mr.X is Rs.15000/- and to Mr. Y is 16000/- and both the salaries were paid in cash on same day now whether is it a violation?
CA Parul Saxena
(CA)
(8459 Points)
Replied 23 February 2013
and what about staff advances if given in cash exceeding Rs.20000
CA Parul Saxena
(CA)
(8459 Points)
Replied 23 February 2013
but nature of staff advance is not expenditure although to be adjusted against salary....
CA Prashant Gupta
(DGM (F & A))
(14068 Points)
Replied 23 February 2013
in staff advance, it is to be seen that whether the advance was not used in single expense. if that advance is used for many expense and no is more than 20000 then it is allowed
CA Prashant Gupta
(DGM (F & A))
(14068 Points)
Replied 23 February 2013
if one person salary is 15000 and other's is 16000. then you can paid both in one day in cash. because you are not paying to same person. So these exp will be treated different exp
CA Parul Saxena
(CA)
(8459 Points)
Replied 23 February 2013
Mr. Prashant employee has taken advance for his personal expenditure and his advance is to be adjusted against her monthly salary upto 6months...
CA Prashant Gupta
(DGM (F & A))
(14068 Points)
Replied 23 February 2013
if it is to be adusted with salary, then it must not be exceed 20,000. if salary is more than 20000.
you can give him/her cross cheque
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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