Cash Salary from employer to employee
Sandeep Jain (Pivate) (1426 Points)
25 October 2022employer filed his itr under section 44AD.he paid cash salary Rs.20000 to employee in each month can employer and employee face and issues In future.
Sandeep Jain (Pivate) (1426 Points)
25 October 2022
prasad Nilugal
( GST Practitioner & Accounts )
(14606 Points)
Replied 25 October 2022
Even though you are not filing Profit and Loss account and Balance sheet in ITR 4 ( section 44AD) , question will not arises of disallowance of Cash expense look like , however Cash and Equivalents including sundry debtors , sundry Creditors , stock are mandatory information in ITR 4 , so please check accordingly how section 40(A)(3) may applicable .
Naveen Kumar
(729 Points)
Replied 25 October 2022
veerendar singh
(tax consultant)
(3301 Points)
Replied 25 October 2022
rama krishnan
(12234 Points)
Replied 26 October 2022
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Course on Foreign Exchange Management Act (FEMA)(without recording)