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Rule 6dd/ sec40a(3)

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21 November 2014 Payment made to Central Warehousing Corporation above 20000 in cash, whether it is an allowable expense or whether it should be disallowed ?? And whether TDS has to be deducted on such sum ??
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Amol S Joglekar

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Amol S Joglekar (Expert)
21 November 2014 01. It should NOT be disallowed.
02. TDS is NOT applicable. read 194C specified persons.
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Rupesh Jain

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Rupesh Jain (Expert)
22 November 2014 it is specific person hence tds not applicable and if you make payment exceeds rs. 20000/- in a day then exp. will disallowed.




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