Salary
This query is : Resolved
Sandeep Kumar
(Querist)
28 August 2013
sir
if a company pay to his emp. salary Rs. 25000/- per month in cash.
please tell me is it the violation of section 40a(3).
if a company pay to his emp. salary Rs. 25000/- per month in cash.
please tell me is it the violation of section 40a(3).
CMA Ramesh Krishnan
(Expert)
28 August 2013
Yes.it is violation u/s.40A(3), will be disallowed
Sandeep Kumar
(Querist)
29 August 2013
is there any solution that we did not come under this section 40a(3)
CMA Ramesh Krishnan
(Expert)
29 August 2013
you can pay in 2 installment in different days each below Rs.20000
Sandeep Kumar
(Querist)
30 August 2013
there are 16 employee in our org. and all get the salary in cash. and we enter in the tally software total amount.
as dr. salary 180000/-
cr. cash 180000/-.
is this correct as per law or not.
as dr. salary 180000/-
cr. cash 180000/-.
is this correct as per law or not.
CMA Ramesh Krishnan
(Expert)
30 August 2013
Incase all 16 employees receiving below Rs.20000/- then no problem
Sandeep Kumar
(Querist)
31 August 2013
there are 3 employee get the salary more than 20000/- . they asked full payment only in a single day.
CMA Ramesh Krishnan
(Expert)
31 August 2013
such as case issue the account payee cheque only. either convince them to receive in 2 days if cash, otherwise issue cheque. if pay cash, the same will be disallowed u/s.40A(3)
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