The limit of Rs.35,000/- u/s 40 A..IS IT APP;ICABLE TO PAYMENT OF FREIGHT?
Amir
(Learner)
(4016 Points)
Replied 19 April 2010
Dear Deebu,
The Title of ur querY is "194I" & u asked question regarding 40A(3)....SO R U SURE THIS IS WHAT U WANTED TO ASK??.......:))
Anywaz, Yes the increased limit of 35,000 will apply in case of Frieght.
Extract of the section -
Provided further that in the case of payment made for plying, hiring or leasing goods carriages, the provisions of sub-sections (3) and (3A) shall have effect as if for the words “twenty thousand rupees”, the words “thirty-five thousand rupees” had been substituted
RITESH KOTHARI
(B.COM, FCA, DISA(ICAI))
(778 Points)
Replied 19 April 2010
Yes, the limit of Rs.35000/- is applicable for Freight Payment.
CA AYUSH AGRAWAL
(Kolkata-Pune-Mumbai)
(26986 Points)
Replied 19 April 2010
Change the Title of UR Discussion & Regarding 35000 Criteria Yes Applicable from 01/10/2009
CAclubindia
