salary in cash
suman (accountant) (82 Points)
31 July 2017
how much salary is allowed to give in cash???
sunil kumar sharma
(jr accountant)
(708 Points)
Replied 31 July 2017
Kaushik Deepak (KD)
(Officer Accountant)
(1136 Points)
Replied 31 July 2017
There is no rule in GST law regarding cash transactions,
But in relation to cash transactions, there is rule under Income Tax Act
Section 40 A(3) amended to reduce the present threshold towards cash payments to a person in a single day to Rs .10,000 from Rs. 20,000
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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