Deduction of tds

This query is : Resolved

ashok (Querist)
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07 April 2015 I a company manager organised meeting with client in Hotel. as Hotel refused to take cheque and asked only for cash payment more than Rs 20000/-. So in this case can we make cash payment? please reply

1) If yes, then is TDS applicable, if billing amt is Rs more than 30000/-

2) If the bill is issued in the name of company manager than what will be treatment?

Please reply

CA.Sourabh Sethia

CA.Sourabh Sethia (Expert)
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15 April 2015 1. TDS is not applicable in case the same is not on regular basis
and for payment in excess of Rs.20000/- on a single day is not allowed against the single bill.

2. If the bill is issued in your name you have to claim it as reimbursement

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