Salary in cash of Rs. 20000.
This query is : Resolved
09 September 2009
Hi this is Harheet Singh.
Can any body tell me whther the payment of salary in cash amounting to Rs. 20000 is disallowed or not under Income Tax Act
Can any body tell me whther the payment of salary in cash amounting to Rs. 20000 is disallowed or not under Income Tax Act
09 September 2009
NOpe as this is the normal payment so disallowance would be appliccable
Shyam Lal Naik
(Expert)
09 September 2009
Allowed upto 20K. Disallowed, if exceds 20K.
Manmohan ACA, CS
(Expert)
09 September 2009
It is not allowed (with some exeption)
CA CHINTAN AJMERA
(Expert)
09 September 2009
Payment of salary more then one person and exceed 20000 then it is not disallowed but condition that one employee can not get more then 20000
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