Easy Office
LCI Learning

Salary in cash

This query is : Resolved 
Profile Image

Profile Image

(Querist)
25 April 2012 whether salary more than 20000 can be paid in cash?
Profile Image

Sumti Bhadani

Profile Image

Sumti Bhadani (Expert)
25 April 2012 As per section 40A(3)if payment is made above Rs 20,000/- in a single to a single person, same will be disallowed.Even if the salary is paid more than Rs. 20,000/- in a single day, same shall be disallowed.
Profile Image

Murtaza I Bhagat

Profile Image

Murtaza I Bhagat (Expert)
25 April 2012 yes agree with expert



Profile Image

CA PRAVEEN SINGH

Profile Image

CA PRAVEEN SINGH (Expert)
25 April 2012 yes.pay in cash more than Rs 20000 in cash is disallowed.sec 40A(3).

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links