Applicability of 40A(3)

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..... Applicability of 40A(3)
Query (Issue) Started By: - Pradeep Kumar Dated:- 21-2-2014 Last Reply Date:- 22-2-2014 Income Tax
Got 2 Replies
Income Tax
Dear all If we make the payment in cas .....

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..... h more than 20000 then 40A(3) will be considered. My question is , If we make the payment of salary or full and final settlement to any employee then there is any need to check the compliance of 40A(3 .....

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..... ). Thanks and regards Pradeep Kumar Reply By Harish Chander Bhatia: The Reply: Applicability of 40A(3) Yes, section 40A(3) is squarely applicable to the salaries paid, as it is claim as an expe .....

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..... nses. It is advised the higher salary should always be paid by cheques to establish it genuniity. Reply By Pradeep Kumar: The Reply: Thanks Harish.....
Discussion Forum - Knowledge Sharing .....

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