Rule 6d, section 40a

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Mahadeo Gawas (Querist)
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21 June 2013 Sir, We want to Make Cash Payment of Rs. 1,50,000/- to Empoyees on behalf of Contrator and the Bill will be raised in the Name of Contractor. Does such transaction allowed as per rule 6D, section 40A

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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21 June 2013 Yes. Sec.40A(3) apply for the payment by cash more than Rs.20000 to employee also

so your transaction will be apply sec.40A(3)

Mahadeo Gawas

Mahadeo Gawas (Querist)
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26 June 2013 There are more than 50 Employees and Cash payment to each employees doesnot exceed Rs. 20000/-. Please reply

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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26 June 2013 such as case sec.40A(3) will not apply

CA.Vinita Gupta

CA.Vinita Gupta (Expert)
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26 June 2013 The limit for cash payment is 20000 for each individual so second 40A (3) does not apply

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Rule 6d, section 40a

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