Sec 40A(3)
This query is : Resolved
08 September 2009
Can payment exceeding Rs20,000 be made to transporter for AY:09-10.
If Yes please give reference of any circular also.
If Yes please give reference of any circular also.
CA.Tarun Maheshwari
(Expert)
08 September 2009
No. The payment exceeding Rs.20000/- and upto Rs.35000/- can be made in cash only from AY 2010-11, as this amendment has been brought by Finance Act 2009 only in this budget and shall be applicable form FY 2009-10.
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