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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

13 August 2015 Hello sir,
i m doing job in pvt ltd company, in which directors are non resident. the main business of company is import and export.
now my query is that the company has no bank balance and cash balance. it has paid salary to it's employees in black money i mean in cash.
now how i can convert this black money in white money?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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13 August 2015 This is not the forum to ask such query.

Querist : Anonymous

Querist : Anonymous (Querist)

13 August 2015 is there any solution for company?
if company has no bank and cash balance then how director paid salary to it's employee?
if you have any solution then tell me i will give suggestion to director for payment of salary.

Amol S Joglekar

Amol S Joglekar (Expert)
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13 August 2015 Let them appoint a SALARY paying agent who in turn can pay the salary from the money received through other than banking channels

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