Cash paid above 20000

This query is : Resolved 
 

(Querist) 30 October 2013

can a company paid workman compensation of Rs 500000/- in cash????



Please reply as soon as possible

Email id :nchaubey1991@gmail.com


CMA Ramesh Krishnan (Expert) 02 November 2013

No. Cash payment more then Rs.20000 will attract u/s.40A(3)



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