our turnover in the preceding financial year is more than 50 crore we are
paying advance for tour to our employees can we accept balance payment in cash from our employees?
after 1dt November 2019. and indentation of new section on ZEC 269SU
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Section 269 SU . cash rexeipt from employees
Replies (1)
Under New section w.e.f 1-11-2019 ...
The section talks about providing of online payment facility mandatorily subject to section conditions but not prohibiting cash receipts .
(Of course subject to 269ST and other provisions.)
So advance payment in cash and returning of balance amount in cash to/by employees will be okay and MAY not by section 269SU
The section talks about providing of online payment facility mandatorily subject to section conditions but not prohibiting cash receipts .
(Of course subject to 269ST and other provisions.)
So advance payment in cash and returning of balance amount in cash to/by employees will be okay and MAY not by section 269SU
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