Cash payment to transporter in a financial year

1152 views 3 replies

Dear Experts,

Can we pay cash to transporter during a financial year with different GR more than Rs. 2,00,000?

Replies (3)

 

 269ST -

(a) in aggregate from a person in a day; or

(b) in respect of a single transaction; or

(c) in respect of transactions relating to one event or occasion from a person,

different GR  used for different travel  then you can use 2,00,000 above amount as cash payment  ( BUT THIS PAYMENT MADE IN DIFFERENT DATES)

 

We have paid Rs. 6 lace to one transporter in cash for diffrent GR raised in diffrent dates during a financial year, is this transaction is allowed in income tax?

We have paid Rs. 6 lace to one transporter in cash for diffrent GR raised in diffrent dates during a financial year, is this transaction is allowed in income tax? We have got declaration in compliance of section 194C from transporters.

 

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