1. The Hospital or firm claiming the salaries paid to workers as expenses should make the payment by cheque or through digital means to claim tax deduction. This applies to firms and businesses and not to individuals.
this move would have a greater bearing on the unorganised and informal sector.
(Though some of the employers could still get away by devising ways to beat the system as the threshold of Rs10000/- was imposed on daily payments. They can split the salary into fortnightly or even weekly payment if you want to use a loophole .
2. a clause was inserted, to disallow depreciation if a machinery/ medical equipment worth Rs 10,000 is bought in cash.
this move would have a greater bearing on the unorganised and informal sector.
(Though some of the employers could still get away by devising ways to beat the system as the threshold of Rs10000/- was imposed on daily payments. They can split the salary into fortnightly or even weekly payment if you want to use a loophole .
2. a clause was inserted, to disallow depreciation if a machinery/ medical equipment worth Rs 10,000 is bought in cash.
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