Salary above Rs.20000/-
This query is : Resolved
rajnish jain
(Querist)
22 June 2010
cam a private limited co. pay Salary above Rs. 20000/- in cash?
Shyam Lal Naik
(Expert)
22 June 2010
No. Salary to one employee in cash on a single day in excess of 20K, if paid in casg, shall be disallowed u/s 40A(3).
It does not make any difference, whether the payer is Pvt Ltd. co. or otherwise.
It does not make any difference, whether the payer is Pvt Ltd. co. or otherwise.
Message likes :
1 times
22 June 2010
agree
Abuzar Azmi
(Expert)
22 June 2010
Yes Agree
RAMESH KUMAR VERMA
(Expert)
22 June 2010
dear jain,
if paid in cash rs. 20000/- in single day in excess shall be disallowed u/s 40A(3).
agree with Naik ji.
regards
if paid in cash rs. 20000/- in single day in excess shall be disallowed u/s 40A(3).
agree with Naik ji.
regards
22 June 2010
Agreed with experts.
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