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Remuneration to whole time directors

This query is : Resolved 
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(Querist)
02 April 2016 Sir can we pay in cash Remuneration to whole time directors as we have enough cash in our books and bank balance we want to use to pay other creditors. yours truly tarique rizvi 982 1630 130
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
02 April 2016 Cash payment exceeding Rs.20000 disallowed u/s 40A(3)of the Act.
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TARIQUE RIZVI

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TARIQUE RIZVI (Querist)
03 April 2016 Sir suppose I have to pay Rs 1,00,000/- Can I pay in cash in five Installments Rs 20,000 each daily and this way after 5 regular days the liability will get fully and finally cleared. Can I do sir like this ?
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