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

CA Mandeep Singh

CA Mandeep Singh (Expert)
Follow

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

Rupesh Jain

Rupesh Jain (Expert)
Follow

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.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

07 June 2014 yes sec 40A (3) shall be applicable in this case.......

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

SHUBHANGI GOEL

Shailesh Prajapati

Adesh Mahajan

Angadi & Co

Jaipal Singh

Subscribe Now

Cash payment >20000 in to civil work contractor in 1voucher

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

CA Final

GST CONSULTANCY

Accountant

Manager- Finance and Compliance

Article Assistant

GST CONSULTANT