Sec 40a(3)
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 January 2014
A new provision payment in CASH by any one MADE upto Rs 35000/-will be allowed under INCOME TAX ACT.
Under what circumstances or in which case the disallowance over Rs 35000/-paid in CASH is allowed.
Is it allowed in all cases of Transportation of Goods made from seller to purchaser paid the Freight more upto Rs 35000/- will be allowed instead of Rs 20000/-paid in CASH.
A new provision payment in CASH by any one MADE upto Rs 35000/-will be allowed under INCOME TAX ACT.
Under what circumstances or in which case the disallowance over Rs 35000/-paid in CASH is allowed.
Is it allowed in all cases of Transportation of Goods made from seller to purchaser paid the Freight more upto Rs 35000/- will be allowed instead of Rs 20000/-paid in CASH.
13 January 2014
any single time payment exceeding Rupees 20000 is disallowed in income tax except the payment made to transporters where the cut off limit is 35000.
every payment made to transporter over and above 35000 in each time is disallowed in total.
the payment allowed below 35000 should be for the freight on account of transportation of goods.
every payment made to transporter over and above 35000 in each time is disallowed in total.
the payment allowed below 35000 should be for the freight on account of transportation of goods.
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