Accountancy, asked by akashgupta89, 5 months ago

salary Receive in cash​

Answers

Answered by mharinimadanagopal
0

Answer:

It is not mandatory that the salary payment must be through cheques. But under section 40A(3), an expenditure of more than Rs 20,000 by cash per day is not allowed for the payer. So, nobody should pay salary in the form of cash. The amount can be included in Form 16.

Explanation:

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