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Applicability of 40A(3)
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....pplicability of 40A(3)<br> Query (Issue) Started By: - Pradeep Kumar Dated:- 21-2-2014 Last Reply Date:- 22-2-2014 Income Tax<br>Got 2 Replies<br>Income Tax<br>Dear all If we make the payment in cash....
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.... 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 expen....
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....ses. It is advised the higher salary should always be paid by cheques to establish it genuniity. Reply By Pradeep Kumar: The Reply: Thanks Harish.....<br> Discussion Forum - Knowledge Sharing ....