sec. 40A(3)
This query is : Resolved
15 May 2009
what is the treatment regading payment of salary paid in cash amound exceeding Rs. 20000
15 May 2009
The above mentioned case does not fall under the exceptions mentioned in rule 6DD, hence this needs to considered as disallowed expenditure while calculating taxable income.
15 May 2009
Hi,
if salary of more than Rs.20000/- is paid in cash to a single person than such expenses shall be disallowed.
if salary of more than Rs.20000/- is paid in cash to a single person than such expenses shall be disallowed.
16 May 2009
both are true
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