194I

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

Yes, the limit of Rs.35000/- is applicable for Freight Payment.

Change the Title of UR Discussion & Regarding 35000 Criteria Yes Applicable from 01/10/2009