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