Cash payment
This query is : Resolved
07 May 2013
OUR COMPANY IS MAKING CASH PAYMENTS OF SALARIES.
ACC TO INCOME TAX ACT 40A(3) IT IS NOT ADMISSIBLE
DOES ANY OF THE PROVISION OF COMPANIES ACT LEVIES ANY RESTRICTION
ACC TO INCOME TAX ACT 40A(3) IT IS NOT ADMISSIBLE
DOES ANY OF THE PROVISION OF COMPANIES ACT LEVIES ANY RESTRICTION
09 July 2013
Only income tax act disallowed, there is no restriction in Companies act
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