can a pvt ltd co. pay wages>20000 in cash to different people in one day?
CA LOVELY ARORA
(C.A. B.Com (H) Graduate)
(2151 Points)
Replied 03 June 2010
yes, it can be paid to different persons in a single day.........
Sec. 40A(3) i.e. disallowance of revenue expenditure will be attracted only if payment had been made in a single day that is also to a single person above Rs. 20000/- in a way other than Account Payee Cheque/Draft............
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