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Section 40a(3)

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03 May 2017 SIr can we pay salary to our employee in cash exceeding rs 10000/- according to sec 40(A)
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Ankur Singhal

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Ankur Singhal (Expert)
03 May 2017 dear From 01.04.2017 any expenditure made in cash exceeding Rs 10000/- per day
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Ankur Singhal

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Ankur Singhal (Expert)
03 May 2017 From 01.04.2017 any expenditure made in cash exceeding Rs 10000 per day per person in disallowed as eepnse under income tax. so you can not pay salary in cash. Also if you pay salary in parts that would not be justified as salary is not paid in parts generally
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CS Advocate Abhishek Goyal

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CS Advocate Abhishek Goyal (Expert)
06 May 2017 The amendment is effective from 1.4.2018 onwards so accordingly will apply in releation to AY 2018-19 onwards.
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Ankur Singhal

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Ankur Singhal (Expert)
06 May 2017 Dear abhishek the said amendment is applicable from 01.04.2017. i.e FY 17-18.
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