Cash limit for advance to employees
This query is : Open
16 February 2022
What is the cash limit for advance to employees as per the income tax
16 February 2022
You can pay an advance upto Rs. 10,000 in cash to an employee at a time. Because if you will be adjusting the advance with the salary expenditure in future.
16 February 2022
If I pay 1,50,000/- pay advance by cash to employee, whether any impact on income tax for the balance amount 1,40,000/- even thou I have deducting by month from the salary expenditure.
16 February 2022
If I pay 1,50,000/- pay advance by cash to employee, whether any impact on income tax for the balance amount 1,40,000/- even thou I have deducting by month from the salary expenditure.
16 February 2022
Please give reply for my quiry
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CLOSING STOCK QUERY
- Loss of interest in PF transfer from EPFO to Trust
- Technical Glitch in ITR-4 Online Form (AY 2026-27): Sec 44AE Partner Remuneration not mapping to E8
- TDS on rent received on hardship compensation being rent on redevelopment of building
- F&O reporting in ITR
- CASH GIFT FROM BLOOD RELATIVE
- TDS offline utility
- Due Date Clarity
- Query regarding TDS on EPFO Higher Pension Arrears- under wrong section
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
