Salary voucher can be more than 20k in cash with revn. stam
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 March 2015
Respected Sir/ Mam
My Query is That we are manufacturer and and ltd company. we pay salary by cash voucher . can we pay salary 40000/- by cash voucher with revenue stamp. and how much cash voucher payment limit for us for other expenses.
pls clear my doubt
thanks & regards
Shan
My Query is That we are manufacturer and and ltd company. we pay salary by cash voucher . can we pay salary 40000/- by cash voucher with revenue stamp. and how much cash voucher payment limit for us for other expenses.
pls clear my doubt
thanks & regards
Shan
CA AnKiT BoHrA (AB)
(Expert)
20 March 2015
salary given to one employee more than 20000 in cash is disallowed dear... affixing stamp or not... doesnt qualifies any expenditure above the limits
20 March 2015
yes as it is a buisness exp and sec 40A(3) shall make it disallow.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Tax on Amount transferred in HUF Account
- Nursery business
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Working on Gold wastage during Melting of old gold jewellery
- TDS on Dashcam rent and allied services
- Import Order Cancelled.
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- ETDS return q4 25-26
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
