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Sec40a(3) cash payments exceeds 20000, Income Tax

Issue Id: - 109868
Dated: 12-2-2016
By:- chandrashekhar bathini

Sec40a(3) cash payments exceeds 20000


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Dear sir,

salary 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 person 15000)

in this way shall i pay advance to employee more than 20000

Posts / Replies

Showing Replies 1 to 2 of 2 Records

Page: 1


1 Dated: 16-2-2016
By:- MARIAPPAN GOVINDARAJAN

Any payment exceeding ₹ 20000/- paid by cash is not allowed under the Income tax Act provisions.


2 Dated: 17-2-2016
By:- chandrashekhar bathini

Thank you sir.


Page: 1

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