Salary in cash
This query is : Resolved
Sumti Bhadani
(Expert)
25 April 2012
As per section 40A(3)if payment is made above Rs 20,000/- in a single to a single person, same will be disallowed.Even if the salary is paid more than Rs. 20,000/- in a single day, same shall be disallowed.
Murtaza I Bhagat
(Expert)
25 April 2012
yes agree with expert
CA PRAVEEN SINGH
(Expert)
25 April 2012
yes.pay in cash more than Rs 20000 in cash is disallowed.sec 40A(3).
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