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Freight payment u/s section 40a93) (income tax)

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 May 2012 DEAR SIR,

I HAVE A QUERY THAT AS U KNOW IN THE BUDGR 2009 THAT CASH PAYMET TO TRANSPORTER EXCEED FORM 20000/- TO 35000/-

BUT I AM NOT CLEAR THAT THIS IS AGAINST ONE TRANSPORTER OR ONE GR

THAT I AM WORKING IN SONEPAT I WANT TO KNOW ABOUT THAT WE HAVE GIVEN A FREIGHT RS. 15000/- OF 5 TRUCK AGAINST SEPARTE GR BUT THE TRANSPORTER OF THE GR IS SAME AND TOTAL AMT PAID IS ABOVE RS. 35000/- IN A DAY CAN IT IS ALLOWABLE EXPENDITURE OR NOT FURTHER IN CASE OF UNION EACH GR IS A SEPARATE CONTRACT THAT I THINK WE MAKE CASH PAYMENT AG ALL THE 5 GR/TRUCKS OWNER EVEN THE TOTAL PAYMENTS EXCEEDS RS. 35000/-
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
21 May 2012 Since the payment does not exceed Rs. 35,000/- Section 40A(3) is not attracted and hence there will be no disallowance.
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