PAYMENT TO TRANSPORTER EXCEEDING 35000
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 January 2010
HELLO,
WE NEED CLARIFICATION IF THE ENHANCED LIMIT OF RS 35000/ FREIGHT PAYMENT PER BILTY IS APPLICABLE TO ALL TRANSPORT FREIGHT PAYMENTS OR RESTRICTED ONLY TO PAYMENT TO THE TRANSPORTERS WHO FURNISHES PAN NO. TO THE PAYER.
ALSO PL CLARIFY IF ENHANCED LIMIT OF Rs 35000/- is applicable to all transporters or any specific transporter because in Income tax the word "such transporter" has been used.
THANKS AND REGARDS
WE NEED CLARIFICATION IF THE ENHANCED LIMIT OF RS 35000/ FREIGHT PAYMENT PER BILTY IS APPLICABLE TO ALL TRANSPORT FREIGHT PAYMENTS OR RESTRICTED ONLY TO PAYMENT TO THE TRANSPORTERS WHO FURNISHES PAN NO. TO THE PAYER.
ALSO PL CLARIFY IF ENHANCED LIMIT OF Rs 35000/- is applicable to all transporters or any specific transporter because in Income tax the word "such transporter" has been used.
THANKS AND REGARDS
02 January 2010
It will applicable to all the transporters and not restricted to transporters who furnishes PAN no.
02 January 2010
Dear Sir,
A sum of Rs.35K cash payment can be made per day to the transporter and if that transporter furnishes PAN Card copy then no need to deduct TDS w.e.f.1/10/09
A sum of Rs.35K cash payment can be made per day to the transporter and if that transporter furnishes PAN Card copy then no need to deduct TDS w.e.f.1/10/09
02 January 2010
agree
02 January 2010
Agree
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