Charudatta Kulkarni (Asst Manager) (130 Points)
07 May 2008can anybody tell me that cash payment of salary in excess of Rs 20000 to employees of the COMPANY, is exception to rule 6DD wrt sec 40A(3)?
CA Anuj Garg
(Sr Manager)
(482 Points)
Replied 07 May 2008
No, Salary is an expense and it is covered under 40A(3)
jaideep malik
(artical assistant)
(78 Points)
Replied 08 May 2008
hello,
the above salary shall be dissallowed becouse cash payment in excsss of rs. 20000/- shall not be allowed to any one.
CAclubindia
