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Payment of labor exp in cash

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(Querist)
24 October 2011 Company dealing in real estate business. If a company pay heavy labour exp ( Rs. 76 Lacs ( Through Muster Roll ) in cash. Then whole exp is disallowed u/s 40A(3) or not.

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Sumit Grover

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Sumit Grover (Expert)
24 October 2011 it wil be disallowed if the aggregate payments in a single day to a single person exceeds20000...And only those payments will be disallowed..........
Suppose u paid to one employee Rs 30000 and to other Rs. 10000 ( both in cash)
Then only Rs. 30000 will be disallowed..
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Ram Avtar Singh

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Ram Avtar Singh (Expert)
25 October 2011 All wages paid to master roll and epf esi applicable. and each employee paid less than 20000 will be allowable.
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