Cash paymnts exceeds 20k
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 December 2017
We are paying weekly through online payment to our technicians to use rental car at site for that they used to pay and get the bill twice in a month for more that 30 to 40K.
whether above transaction will have any tax issue in future for our Pvt. company?
Please clarify me.
Thanks.
Deepak
whether above transaction will have any tax issue in future for our Pvt. company?
Please clarify me.
Thanks.
Deepak
Anup Kumar Joshi
(Expert)
16 December 2017
ENSURE THAT YOU HAVE NOT PAID THIS EXPENSES TO YOUR WORKER AND PAY THIS EXPENSES DIRECTLY TO THE VENDOR AND PROVIDE SERVICE FOR CAR ON RENTAL. Also make sure that you have deducted TDS on this amount before paying to vendor.
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