Disallow of expenses.
SUMIT BADYAL (709 Points)
25 May 2021
if we pay a bonus or overtime in cash to workers, is this allowed or disallowed.
10 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 25 May 2021
If payment in cash exceeds 10000 rupees then it will be disallowed
Sivaramaraju G
(Learner)
(2398 Points)
Replied 25 May 2021
It should be less than or equal to 10k in a day to a single person.
Sivaramaraju G
(Learner)
(2398 Points)
Replied 25 May 2021
Yes, for a single transaction to a single person in a day should not exceed 10k
veerendar singh
(tax consultant)
(3301 Points)
Replied 25 May 2021
Bonus being a statutory obligation can be paid in cash.
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 30 May 2021
Agree with my previous answer
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