payment to transporters
This query is : Resolved
CA Sahil Singla..
(Querist)
28 March 2010
sir can we make payment to transporters in cash greater than 20000 in single day against his two bills
Ram Avtar Singh
(Expert)
28 March 2010
you can pay up to 35000 in cash in a single day to transporter. its amended in 2008-2009 budget.
28 March 2010
The limit is enhanced to Rs.35,000/- with effect from 01/10/2009 vide 2nd proviso to section 40A(3A) of the Income tax Act,1961.
CMA Ramesh Krishnan
(Expert)
28 March 2010
agree the limit of cash payment for transporter is enhance to Rs.35000/-
CMA Arif Farooqui
(Expert)
30 March 2010
agreed with experts
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