Payment on a particular day:
URD Purchase (Payment to GTA) under Sec. 9(3) - 2000.00
URD Purchase (Hamali Charges) under Sec. 9(4) - 1000.00
Total Paid is 3000.00 (below threshold limit of 5000.00/day)
Question:
Is the threshold limit of 5000/day is applicable on total of amounts under both sections or only on section 9(4)?
Only 9(4)..
Choose Purchase Taxable in case of section 9(3).
O P Bagla & Co LLP
New Delhi
CA Inter
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Boutique Investment Bank & Transaction Advisory Firm
Gurgaon
CA
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CAclubindia
