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Cash limit on salay

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(Querist)
22 February 2019 cash paid to staff salary any limit?
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Adv. RAVINDRA KRISHNA

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Adv. RAVINDRA KRISHNA (Expert)
22 February 2019 Section 40A(3)(a) of the Income Tax Act provides that any expenditure incurred in respect of which payment is made in a sum exceeding Rs. 10,000/- in a single day otherwise than by an account payee cheque drawn on a bank or by an account payee/demand-draft or through use of electronic clearing system, shall not be allowed as a deduction.
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CA ANUBHAV

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CA ANUBHAV (Expert)
25 February 2019 no expenses will be allowed if amount paid in contravention of s. 40A(3) i..e Rs. 10000 in a day..
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