Section 40A(3)

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... If a company paid in cash salary to his employee suppose 56000 p.m.and it includes all the allowances and perquisites.whether it is covered under Payment Exceeding as there is one salary slip for one .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Employee. Case 2: If a company paid in cash salary to an employee 38000 p.m. only basic means nothing allowance or Perquisite then whether this cash payment is covered under payment Exceeding. Case .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 3: If an employee go for tour (business) and company pays him 40000 in cash as traveling Allowance then whether this is covered under Payment Exceeding or not. if not then why it is not covered. - R .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... eply By CA GOPALJI AGRAWAL - The Reply = Case 1 and 2 would hit by the provision of section 40A (3) . In case 3, if employee does not make the single payment exceeding the limit, then provision w .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ould not apply. - Section 40A(3) - Query Started By: - Sheetal Bansal Dated:- 6-8-2014 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, person .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... al opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X