payment to transporters


This query is : Resolved 

28 March 2010 sir can we make payment to transporters in cash greater than 20000 in single day against his two bills

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.

28 March 2010 agree the limit of cash payment for transporter is enhance to Rs.35000/-

30 March 2010 agreed with experts


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