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.
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..
CAclubindia
