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

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Querist : Anonymous

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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
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CA Mandeep Singh

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CA Mandeep Singh (Expert)
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.
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Rupesh Jain

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Rupesh Jain (Expert)
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.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
07 June 2014 yes sec 40A (3) shall be applicable in this case.......
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