Cash payment to transporter

Page no : 2

CS Bijoy (Expert) (6394 Points)
Replied 08 October 2011

In case of transport agency if PAn number is provided than TDS not required to deduct otherwise 20% to be deductde.

surender (Manager Accounts) (149 Points)
Replied 08 October 2011

yes you can do.PAN Number to be considerd .

Ashutosh Biswal (Asst.Manager Finance) (283 Points)
Replied 09 October 2011

What will be the treatment on this below transporter's payment

" If one individual person got transferred by his company from one place to another place , where had to avail transportation facility to carry his household items. and finally bill was raised by carrying agency of65000/- for this.

My quetion is

1. Can that person pay by Cash of total Amt like65000/- in a single payment

2. If not above, then how will he pay that ? in line who will be liable for what ( Is that person or transport agency are bind to any provison) ?

3. If that person will take reimbursement of that total amount from his company , then, is there any obligation to any law will be applicable to comapny's taxation or payment procedures ?

it will be appreciated if you guys encounter the questions one by one to draw more discussion or solution... thanks