Menu
CASH advance to employee
Can I give cash advance of more than 20000 to my employee which would be adjusted from his salary in the time to come.?
Replies (9)
Its advance against salary. There is no issue in doing so as long as you are recovering it from the salary of the employee. However its better to do in bank channel instead of cash, since you may attract 40(A)3 disallowance.
Yes... You can give.
Such a exps is disallowed if your entity required to do audit.
No... it's not disallowed...
Daily limit of cash payment to one person is 10000. So it will be disallowed. Give on 2 different dates.
It is admissible in case of the amount given on two different dates.
What is in sec 40A(3)...?
Can anyone will give the details or law to Herr...?
please...
Can anyone will give the details or law to Herr...?
please...
What is in sec 40A(3)...?
Can anyone will give the details or law to Herr...?
please...
ITS MEAN GIVE THE SECTION'S RULE HERE OR ONCE AGAIN REFER THE SECTION WITH QUERY...
Can anyone will give the details or law to Herr...?
please...
ITS MEAN GIVE THE SECTION'S RULE HERE OR ONCE AGAIN REFER THE SECTION WITH QUERY...
As per Sec 40A(3) expenses in excess of Rs.10,000/- in cash is disallowed. So, it's better to give amount less than 10,000/- or give on two different date ( i.e within limit of 10,000/- per day)
Recent Threads
- AGM WITH SHORTER NOTICE
- 15CA/15CB Bulk Filing Automation Tool – Need
- GSTR 9 FY 2023-24 LATE FEE
- Should we go under Section 59 of IBC or Section 27
- HUF'S ISSUE
- Gst interest and penalty doubts
- TDS RATE ON RENT FOR NRI
- NBFC costing
- Taxablity of GSLI under Income Tax
- Final new course clarification
Related Threads
CAclubindia
