Suggestion U/s 40A(3)
This query is : Resolved
17 October 2007
Dear Sir,
Please Suggest, Salary paid to the Directors of the Company Exceeding cash Rs .20,000 is Disallowed U/s 40A(3) or Allowable Exempt from Tax U/s 40A(3)
Please Suggest, Salary paid to the Directors of the Company Exceeding cash Rs .20,000 is Disallowed U/s 40A(3) or Allowable Exempt from Tax U/s 40A(3)
17 October 2007
Hello Mr Prasad,
you are inviting problems, Please pay by Crossed Check and payemnt made >20000 to be paid by cheques
you are inviting problems, Please pay by Crossed Check and payemnt made >20000 to be paid by cheques
17 October 2007
any business expenditure incurred in cash exceeding RS 20,000 is disallowable .There is no exception in rule 6d for director remuneration.
17 October 2007
Group of Salaries/wages single person not exceeding Rs.20,000/- can be paid by cash.
19 November 2007
Whether the Company can pay weekly salary?
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