Tds payment deduction on cash payement made
This query is : Resolved
kalvinder singh
(Querist)
19 February 2014
Please tell me if payment is made in cash about more than 20k. or 50.k. than tds liabilities arrives ? under section 194 c
Kalvinder
Kalvinder
CA Parul Saxena
(Expert)
19 February 2014
yes TDS liability arises but expenditure would be disallowed as cash expenditure exceeding Rs.20000 is not allowed as per sec.40(a)(iii)
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