Allowability of transportation expenditure
This query is : Resolved
28 February 2013
One of my client is having business of Rice Mill were in my Client Purchases the Paddy from say Karnataka were in receipt of goods Transportation expenses of say Rs. 92,000/- has to be incurred so for this type of transactions what is the remedy available to the assessee as the payment cash to be made in cash and on single day...
One of my client is having business of Rice Mill were in my Client Purchases the Paddy from say Karnataka were in receipt of goods Transportation expenses of say Rs. 92,000/- has to be incurred so for this type of transactions what is the remedy available to the assessee as the payment cash to be made in cash and on single day...
28 February 2013
DEAR PRATIK ,
IF YOU MADE THIS PAYMENT TO DIFFERENT 2 PERSON IN SAME DAYS AND THE LIMIT IS LESS THAN RS. 5000/- THAN YOU CAN DO THE SAME.
BUT IF YOU MADE ALL THE PAYMENT TO SINGLE GUY THAN YOU HAVE TO PAY @20% ON THIS PAYMENT TO GOV.
THANKS
RAJNISH
IF YOU MADE THIS PAYMENT TO DIFFERENT 2 PERSON IN SAME DAYS AND THE LIMIT IS LESS THAN RS. 5000/- THAN YOU CAN DO THE SAME.
BUT IF YOU MADE ALL THE PAYMENT TO SINGLE GUY THAN YOU HAVE TO PAY @20% ON THIS PAYMENT TO GOV.
THANKS
RAJNISH
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