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Staff incentive

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(Querist)
21 January 2019 Sir,
Can we paid the staff incentive by cash near about Rs. 25000/- , total staff is 17 nos.
This is a partnership firm.
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c.bakshi

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c.bakshi (Expert)
21 January 2019 NO, YOU CANT. ALLOWABLE EXPENDITURE IN A DAY IS RS. 10000 IN CASH. INCOME TAX DEPARTMENT IN THESE DAYS SENDING NOTICE TO THOSE ENTITIES WHOSE EXPENDITURE IN CASH IS EXCEED BY THRESHOLD LIMIT.

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