If an employer is paying salary by bearers cheque of 12,500/- .Would that expense be allowed or disallowed u/s 40A(3)?
3 Replies
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 07 February 2023
Disallowed being salary of more than 10000 paid not by way of account payee chque
Akhil
(Student)
(63 Points)
Replied 07 February 2023
But according to Solution in the book, it is disallowed for computing deduction u/s 80JJAA (being new employees in the company) but not disallowed u/s 40A(3)
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 07 February 2023
Need to read the question first for this clarification .
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