cash salary limit in income tax
10000 per day is it right
if yes than month salary in cash can be
Rs. 20000 +
No.....
You can not
3 Replies
ayusmita
(Tax consultant)
(5885 Points)
Replied 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
if both the condition fulfilled then you can make it
otherwise not
but both the condition must be filled
JATINDER KUMAR
(Accountant)
(3662 Points)
Replied 06 November 2020
No, you can not pay Salary in cash more than 10000 in single transaction
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