Cash Payment for Farmers
This query is : Resolved
02 April 2022
Sir/Madam,
Respected Professionals
As ours is Rice mill business, we purchase paddy from Farmer, almost all farmers not received bank payment they need cash, for this we have to made payment by cash. Is there any threshold limit for this and any TDS applicable on this transaction. If cash payment allowable then any threshold limit.
Respected Professionals
As ours is Rice mill business, we purchase paddy from Farmer, almost all farmers not received bank payment they need cash, for this we have to made payment by cash. Is there any threshold limit for this and any TDS applicable on this transaction. If cash payment allowable then any threshold limit.
02 April 2022
Cash payment allowed less than 2 lacs under section 269ST.
TDS applicable if purchase value exceeds 50 lacs.
TDS applicable if purchase value exceeds 50 lacs.
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
- Post Office RD Interest
- Building and other construction workers welfare cess act 1996
- Eway bill for machinery reparing
- Applicable TDS for Purchase of Flat from NRI
- Bank Accounts in Balance Sheet for ITR 3
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Form 10BD Filling
- Annual return of gst limit
- TDS ON CASH WITHDRAWALS...
- ITR Filing Requirement for Partnership Firm Registered but Business Not Commenced
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
