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Salary regarding
5 employee we can pay salary on cash 10 thousand per member in the month
Replies (4)
Cash payments <10k per employee can be made.
Cash payment <10k per employee can be made shall be allowed as expenses, otherwise, expenses exceeds 10k shall be disallowed.
Pay less than 10k in cash
as per income tax act 1961 section 40A (3) subject to rule 6DD Any payment 10,000 or below can be made in cash
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