Salary advance in cash

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Service
32 Points Posted on 19 October 2012

Can we give salary advance of Rs 100000/- in Cash?

 

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On 19 October 2012 at 16:40 Report
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Chartered Accountant
3228 Points Posted on 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

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On 19 October 2012 at 17:00
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SR.ACCOUNTANT
69 Points Posted on 25 October 2012

agree as above.

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On 25 October 2012 at 14:02
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Manager (Finance)
62 Points Posted on 25 October 2012

TDS is applicable and supposed to be bank transferred

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On 25 October 2012 at 23:22

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