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cash payment to trasporter above rs 35000/- in single day

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 July 2011 the transportation bill is Rs.616000/- on 25-02-2011 and cash payment to above party is on same date for Rs.35000 and Rs35000 and Rs.30000/-,and rest of payment by cheque in march.so above all cash expenses are disallowed u/s 40a3...
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madhur gupta

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madhur gupta (Expert)
07 July 2011 Yes payment made exceeding Rs.35000/- will be disallowed
However it can be prevented if somehow u can prove that there were separate G.R.notes for every truck etc.
Other views are invited
Thx
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Querist : Anonymous

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Querist : Anonymous (Querist)
07 July 2011 thanx..sir
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