Save Rs 499 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

banner_ad

payment of salaries in cash

This query is : Resolved

Share Report Follow Query Ask a Query

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

CMA Ramesh Krishnan (Expert)
Follow

02 May 2010 Payment of Salary in cash more than Rs.20000/- will attract Sec.40A(3)

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

03 May 2010 AGREE WITH EXPERT

kartik_somu

kartik_somu (Expert)
Follow

03 May 2010 agree with expert

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CCI Pro

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

CCI Pro

Meet our CAclubindia PRO Members

Pro Member Krishna Kumar A

Krishna Kumar A

Pro Member Raj Gupta

Raj Gupta

Pro Member Sapan Kumar Nayak

Sapan Kumar Nayak

Pro Member RAVINDRA JOSHI

RAVINDRA JOSHI

Pro Member Credible HRM

Credible HRM

Follow us

add to google news

Answer Query

Quick Links

Browse by Category

Latest Job Openings

View all

ARTICLESHIP 15 May 2026

Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details

11 May 2026

CA Dropout

Patron Accounting LLP

Pune

CA Inter

View Details

01 June 2026

Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details

23 May 2026

Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details

16 May 2026

Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details

10 May 2026

Finance specialist

Right way solution

Ajmer

CA

View Details

Featured 26 May 2026

Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details

ARTICLESHIP 23 May 2026

Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details