Can we pay rupees more than 10000 or 20000 in cash towards staff in a single day it is acceptable as a deduction in profit and loss may I know this in a example for complete understand
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Regarding Cash Payment of Staff Salary
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If you pay salary to employee by cash more than 10,000/-, per month, this expns may be disallowed as business expenditure by the I T dept. So, don't pay salary in cash.
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