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Sec 40a(3) of it act
can the salary and wages paid by cash? whether it is admissible?
Replies (2)
Generally all wages paid to companis in EPC COMPANIES ARE PAID IN CASH.
THERE MAY BE EXCEPTIONS.
THERE MAY BE EXCEPTIONS.
@ M Pari
Under 40A(3) cash payment limit per day per person is upto 10000/- If it's more in cash then it's disallowed.
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Sabyasachi, what EPC Companies ?? what is reply ? Admissible ??? out of context ? Anyway it's ok
Under 40A(3) cash payment limit per day per person is upto 10000/- If it's more in cash then it's disallowed.
------
Sabyasachi, what EPC Companies ?? what is reply ? Admissible ??? out of context ? Anyway it's ok
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