payment of salaries in cash
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 May 2010
Few of the employees have insisted on payment of salaries in cash, which exceeded 25000 per month. In a month or two even Director of the company insisted for receiving salary in cash, since he had to make some personal purchases . Can we pay salary in cash in a single day for more than 20000. Kindly guide. This is urgent please.
CMA Ramesh Krishnan
(Expert)
02 May 2010
Payment of Salary in cash more than Rs.20000/- will attract Sec.40A(3)
03 May 2010
AGREE WITH EXPERT
kartik_somu
(Expert)
03 May 2010
agree with expert
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