U/s 40A(3)
This query is : Resolved
CA Ysil Karunai
(Querist)
16 June 2010
Dear Sir,
Whether Payment of salary to employees in excess of Rs. 20,000 in cash, will hit the provision u/s 40A(3) disallowance?
Whether Payment of salary to employees in excess of Rs. 20,000 in cash, will hit the provision u/s 40A(3) disallowance?
CMA Ramesh Krishnan
(Expert)
16 June 2010
Yes.it will applicable for salary payment also
Aditya Maheshwari
(Expert)
16 June 2010
yes it is applicable in case of salary payments also.
16 June 2010
agreed with experts
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