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NEW AMENDMENT OF SEC.40A(3)

This query is : Resolved 
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(Querist)
10 October 2009 DEAR ALL

AS PER NEW AMENDMENT "PAYMENT MADE FOR PLYING, HIRING OR LEASING GOODS CARRIAGES. CASH PAYABLE UP TO 35,000/- ITS MEANS"

AN ASSESSEE PAID LORRY FRIGHT CHARGES TO LORRY OWNER 33000 THIS IS ALLOWABLE AS PER NEW AMENDMENT AND ASSESSEE IS PAID TO TAXI DRIVER FOR HIS BUSINESS TRIP RS. 30000 THIS IS ALSO ALLOWABLE AS PER NEW AMENDMENT.

PLEASE TELL
THANKS INADAVANCE
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CA. B.SRINIVASULU

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CA. B.SRINIVASULU (Expert)
10 October 2009 No only lorry freight is allowable and taxi fare is not covered for the limit of 35000.
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rajesh

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rajesh (Querist)
10 October 2009 THANK YOU SRINIVASULU GARU AND ONE MORE DOUGHT I AM LIABLE TDS DEDUCT ON LORRY FRIGHT CHARGES, IF HE HAVE PAN CARD HE IS EXEMPTED

PLEASE TELL

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Ratan Sharma

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Ratan Sharma (Expert)
10 October 2009 No its not exempt you have to deduct TDS on taxi fare.
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