Payment of labour/ salary/ wages / bonus for more than rs.1000/- is to be made compulsory by cheque. ture or false
Rupa Patel (Accountant) (102 Points)
09 May 2017Rupa Patel (Accountant) (102 Points)
09 May 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160692 Points)
Replied 09 May 2017
It is 10,000/- and not 1K as per your query.
More than 10K is disallowed as per section 40A(3) of IT act.
CA Rashmi Gandhi
(Chartered Accountant)
(86285 Points)
Replied 09 May 2017
Rupa Patel
(Accountant)
(102 Points)
Replied 09 May 2017
THANK YOU SO MUCH FOR REPLY IT IS VERY HELPFULL TO ME...