Cash payment

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ANZAR ALI

ANZAR ALI (Querist)
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30 May 2013 If a Person who pay cash payment above 35,000 to single transporter then this will disallow or not.

Rupesh Jain

Rupesh Jain (Expert)
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30 May 2013 WHOLE AMOUNT INCLUDE IN INCOME

ANZAR ALI

ANZAR ALI (Querist)
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30 May 2013 So can you tell me for which basis/means the amount of Rs. 35000 will be allowed.

Ganeshbabu K

Ganeshbabu K (Expert)
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30 May 2013 It is dis allowed as an expence however up to 35,000 is allowed as an expence

Refre sec.40(A)(3)

Provided further that in the case of payment made for plying, hiring or leasing goods carriages, the provisions of sub-sections (3) and (3A) shall have effect as if for the words "twenty thousand rupees", the words "thirty-five thousand rupees" had been substituted.

https://alturl.com/39ces

ANZAR ALI

ANZAR ALI (Querist)
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31 May 2013 Thanks for your reply & suggestion ....

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