TDS & Section 40A(3)
This query is : Resolved
Quick Summary
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 ?
07 September 2020
You should not pay cash more than 10000/- in a single day.
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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