Can we give salary advance of Rs 100000/- in Cash?
Rohit Jain (Service) (32 Points)
19 October 2012Can we give salary advance of Rs 100000/- in Cash?
CA Pooja Agarwal
(Chartered Accountant)
(3228 Points)
Replied 19 October 2012
it will be dissallowed for income tax puposes u/s 40A(3)..
However there are certain exemptions in rule 6DD.pls refer
selim
(Manager (Finance) )
(62 Points)
Replied 25 October 2012
TDS is applicable and supposed to be bank transferred
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