cash payment abopve 20000
This query is : Resolved
17 August 2010
Sir if i have paid more than 20000 in cash towards labour charges to diffrent labour than will it be disallowed?
17 August 2010
no, it will not be disallowed.
IF SINGLE PAYMENT TO SINGLE PERSON SHOULD MORE THAN 20000/- THEN IT IS DISALLOWED.
IF SINGLE PAYMENT TO SINGLE PERSON SHOULD MORE THAN 20000/- THEN IT IS DISALLOWED.
17 August 2010
If payment to each labour in cash is more than 20000/-. Section 40A(3) is applicable.
17 August 2010
No disallowance, as the payment has not been made to single person.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- Stamp Paper for partnership firm change new income tax 2025
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- SFT Cash Deposit in Current Account
- Annual return in Gst
- Regarding TDS Applicability For Director Remuneration
- Requirement of tax deduction at source by individual
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
