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payment made to farmer above 10k and below 2 lakhs for single bill

This query is : Resolved 
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(Querist)
08 April 2017 Sir, can we pay more than 10k & below 2 lakhs for Farmers in cash in single payment is it disallowed uls 40a(3) and will it attracts u/s 269st
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CA Gopal Somani

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CA Gopal Somani (Expert)
10 April 2017 If payment is more than 10K and below 2 lakhs then it will not attract 269ST and 40A(3). Payment to farmer is exempt u/s 40A(3).
But if payment is more than 2 Lakh then 269ST will be attracted.

You can check below link for more details
https://www.charteredclub.com/section-40a3/
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