Dear All
If my director taking remuneration in cash Rs 35000/- per month. so we have to deduct tds on it. and
is cash payment of director remuneration is allows under income tax act
Pls let me know
Pls reply urgently
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Director remuneration
Replies (1)
chetan,
The term ‘any expenditure’ given in section 40A(3) covers expenditure of all categories, n it will be disallowed u/s 40A(3) if the same has been paid by cash in excess of Rs.20000.
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