Cash payment to Director of a Private limited company
This query is : Resolved
15 February 2023
1.Can we pay in Cash to a Director of a private limited company ?
The salary is 10K Per month
2. Will that include any type of taxes ?
3. Do I need to show any invoice or Bill against that Cash payment?
The salary is 10K Per month
2. Will that include any type of taxes ?
3. Do I need to show any invoice or Bill against that Cash payment?
15 February 2023
Yes you can pay 10000 cash per month. No issues
15 February 2023
How will I show that in the books of account? Should I attach a bill ?
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
- Selecting Tax Regime while for calculating tax relief on under Section89 of income tax act 1961.
- Relief Calculation u/s 89 of ITax 1961 in TableA Form10E
- Cloud service
- Credit note Issue reg
- Sale of Gold ornaments
- Conversion of Pvt Ltd Company to a LLP
- Applicability of RCM on Frieght Inward supplies received from un-registered person
- GST on Fresh Juice Center(Sugarcane)
- SECTION 194T
- Running non ac bus under contract with roadways
- Expenses add back in profit
- Forgot to update debit note in gst
- B2B Amendment
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- Regarding Advance Tax not claimed in the Return of Income for A.Y. 2025-26
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
