TDS & Section 40A(3)
This query is : Resolved
Quick Summary
Vinay Chanchlani
(Querist)
07 September 2020
We have deducted TDS on commission of Rs. 30,000 but payment is made in Cash.
Whether is it allowable expenditure under Income Tax ?
Whether is it allowable expenditure under Income Tax ?
KAVIRAJA ADDANGADI
(Expert)
07 September 2020
You should not pay cash more than 10000/- in a single day.
Vinay Chanchlani
(Querist)
08 September 2020
Means more than 10k in cash is disallowed even we have made TDS compliences ?
02 October 2021
Yes, it will be disallowed 100%.
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