Rate of tax for cash payment over 20000/
This query is : Resolved
30 August 2009
Respected sir,
kindly guide me if payment made by cash over 20000/ and if receiver does not comes any sections of tds 194... Then for tax deduction which rate will be applicable for cash payment.
With thanks in advance
kindly guide me if payment made by cash over 20000/ and if receiver does not comes any sections of tds 194... Then for tax deduction which rate will be applicable for cash payment.
With thanks in advance
CA CHINTAN AJMERA
(Expert)
30 August 2009
just specify for which service or goods you payment
and if payment made for goods then tds not require but payment is disallowd u/s 40(a)(3).
and if payment made for goods then tds not require but payment is disallowd u/s 40(a)(3).
CA Suresh Choudhary
(Expert)
31 August 2009
agree with expert
CMA Arif Farooqui
(Expert)
01 September 2009
agree
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