CASH WITHDRAWAL FOR LABORERS AT KEDAR NATH

This query is : Resolved

AMANDEEP (Querist)
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03 June 2022 The assessee has a contract to supply material to ongoing repair works at Kedarnath. The daily Payments to laborers is 500,000 (Approx) in cash ranging from 500 to 800 persons & mules per day.As the people don't have bank accounts the payment is to be made in cash only.

The cash is being withdrawn from bank & tds being deducted thereon.

Can the tds be waived by the Income tax as the cash payment is inevitable due to remote area and other reasons
Also will Income tax leavy any penalty towards cash payments

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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03 June 2022 Claim TDS and adjust it against tax payable.
No penalty as cash payment not exceeded the limit per day per person of Rs 10,000.

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CASH WITHDRAWAL FOR LABORERS AT KEDAR NATH

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