Payments exceeding rs. 20,000/-
This query is : Resolved
24 April 2013
Dear Sir,
If a company engages workers on contract basis through a contractor and makes payment to workers themselves exceeding Rs. 20,000 in cash, but the payment to individual worker does not exceed Rs. 20,000. Will disallowance under section 40A(3) will be attracted ?
If a company engages workers on contract basis through a contractor and makes payment to workers themselves exceeding Rs. 20,000 in cash, but the payment to individual worker does not exceed Rs. 20,000. Will disallowance under section 40A(3) will be attracted ?
Rupesh Jain
(Expert)
24 April 2013
IN SINGLE DAY PAY ONE PERSON
EXCEED rS. 20000/- (EXCEPT TRANSPORTER RS.30000/-)
DISALLOWE U/S 40A (3)
THANKS
EXCEED rS. 20000/- (EXCEPT TRANSPORTER RS.30000/-)
DISALLOWE U/S 40A (3)
THANKS
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