Cash payment >20000 in to civil work contractor in 1voucher
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 June 2014
We Are Paying the Cash to Civil work contractor for work done by him by Labor Amount is Rs.100000/- we will pay the cash to contractor then contractor pay to labour, we will receive the bill from contractor tds deducted 1% on Rs.100000/- It Is Accepted in Single Voucher or Not
05 June 2014
you cannot pay more than Rs. 20000 in a day, otherwise expense will be disallowed, so make voucher not exceeding Rs. 20000 in a day.
Message likes :
1 times
07 June 2014
you can not pay cash exceed Rs.20000/- to single person in a day.
if you make payment >20000. then it will addition in your income.
if you make payment >20000. then it will addition in your income.
07 June 2014
yes sec 40A (3) shall be applicable in this case.......
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