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Cash salary

237 views 3 replies

Rupesh Thote

128 Points Posted on 06 November 2020

cash salary limit in income tax
10000 per day is it right

if yes than month salary in cash can be
Rs. 20000 +

Replies (3)

JATINDER KUMAR

Accountant

3662 Points Posted on 06 November 2020

No.....

You can not

ayusmita

Tax consultant

5895 Points Posted on 06 November 2020

Frist check whether sec 40A(3)is attracted or not after that again check whether the transaction is covered under rule 6DD
if both the condition fulfilled then you can make it
otherwise not
but both the condition must be filled

JATINDER KUMAR

Accountant

3662 Points Posted on 06 November 2020

No, you can not pay Salary in cash more than 10000 in single transaction

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