Easy Office

Cash payment above 20000

This query is : Resolved 
Profile Image

Profile Image

(Querist)
04 March 2015 Dear All,

I am a director of Company service my vehicle and pay cash amount of Rs 30000 to for service and want to book expense in my books of company account is it any tax deducted for this payment coz cash payment above 20000 attract TDS
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
04 March 2015 You should not make payment in cash excess of 20,000. TDS applicable only if annual payment exceeds 75,000 in this case.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


Easy Office

Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links