Deal All,
I would like ask a question that a firm can pay his employee more 20 thousand rupees in cash or not according to the income tax law.
Amit kumar
Thanks
Amit Kumar (Accountant) (276 Points)
18 November 2013Deal All,
I would like ask a question that a firm can pay his employee more 20 thousand rupees in cash or not according to the income tax law.
Amit kumar
Thanks
One Of A Kind
(CA Final & CS Professional Student)
(187 Points)
Replied 18 November 2013
No.It would be disallowed while assessment of income for Income Tax purpose.
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India