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Rs 20000 & above in cash as salary

ITR 745 views 7 replies
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Worker
34 Points Joined May 2017
For Employer : Cannot claim deduction. But is it legal ?
 
For employee: Can they file ITR ? Is it legal ?
 
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On 08 May 2017 at 03:38 Report
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247 Points Joined May 2017
yes it's legal for both employer and employee. from a.y. 2018-19, the employee will have to pay penalty if he receives his salary in cash above 10000
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On 08 May 2017 at 06:15
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Article
208 Points Joined April 2016
under which section rama krishnan sir?
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On 08 May 2017 at 09:23
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247 Points Joined May 2017
under section 269ST Harsha sir
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On 08 May 2017 at 09:31
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Worker
34 Points Joined May 2017
Was the law same & valid for the years 2012, 2013, 2014, 2015, 2016 & 2017
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On 08 May 2017 at 10:26
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247 Points Joined May 2017
no it is coming into effect from a.y. 2018-19 only . for the a.ys mentioned by you, though there is no impact on payee ie employee the same will be disallowed in the hands of payer ie employer and assessed as income
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On 08 May 2017 at 11:16
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Worker
34 Points Joined May 2017

Just to confirm for the FYs ------2012, 2013, 2014, 2015, 2016--------20K & above, salary paid in cash was still legal & valid


 
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On 08 May 2017 at 11:46
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247 Points Joined May 2017
there's no illegality in paying salary in cash for any a.y. it all about allowance and disallowance
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On 08 May 2017 at 11:54

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