Sec40a(3) cash payments exceeds 20000

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..... Sec40a(3) cash payments exceeds 20000
Query (Issue) Started By: - chandrashekhar bathini Dated:- 12-2-2016 Last Reply Date:- 17-2-2016 Income Tax
Got 2 Replies
Income Tax
Dear sir, salar .....

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..... y payment to employee in cash(working at site) 50000 in a day, is it allowable or not allowable u/s 40a(3) 2) Amount 25000 paid to employee and the employee paying (wages to one person 10000,another .....

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..... person 15000) in this way shall i pay advance to employee more than 20000 Reply By MARIAPPAN GOVINDARAJAN: The Reply: Any payment exceeding ₹ 20000/- paid by cash is not allowed under the Inc .....

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..... ome tax Act provisions. Reply By chandrashekhar bathini: The Reply: Thank you sir.
Discussion Forum - Knowledge Sharing .....

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