Salary advances taken by the employees wants to repay it in cash whether it attracts 269SS
Menu
Salary advance recovery
Replies (3)
Quick Summary
Yes payment in cash should not exceed 10000 rupees in cash u/s 269ST
Yes it attracts, section 269ss and 269T not 269St
My personal understanding.
Maximum Possibility (in case TOTAL AMOUNT is Rs 20,000/- or More)
Section 269SS wording downloaded from Official Income Tax Website is also attached.
Simple Question that may be asked by Tax Department : Why employee wants to repay in cash? Means he/she is having some undisclosed sources of Income...
Recent Topics :
- ITC ON RENT
- GSTR-9 Table 8A Portal and Excel Issues
- IGST on Commercial Rental Income (Different State)
- Revocation of suo moto cancelled GST registration
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
- HDFC Bank’s Bureaucracy: The Nightmare of Fl
- Running a CSC Center, Maha E-Seva Kendra, Setu Ken
- GSTR-9 Table 8A issue
- CA Inter Coaching institutes at Hyderabad
Related Topics :
CAclubindia
