Dear Sir,
we have got the service from transporter. fright bill Rs.23000 can we pay cash Rs.23000 fright from Delhi to punjab
Menu
Fright payment Cash
Replies (9)
No.. it's in contravention to section 40A(3)
Limit for transporter is ₹35000
35000 threshold is for tds under section 194C
Disallowed expenditure will be added to your income.
Cash expense Limit- Section 40A(3) of IT act..
Threshold limit: Cash payment exceeding Rs 10000 to person in a single day not allowed.
The Limit is extended to Rs 35000 in case payments are being made to transporters.
You can pay cash limit is Rs.35000 to transporter
Sorry for wrong comments.... the cash payments limit for transporters is 35000 as said by Mr. Dhiraj
If total bill was 60k , 35k pay in cash and balance through cheque.
is it ok ?
is it ok ?
Yes, cash payment is within the available limit...
Recent Topic
- Correct ITR form
- Clarification required on Section 393 & Report
- Professional advance taxes
- Surrender pan process
- Tds on deceased's pan
- Exempt income declaration schedule EI in ITR2 (AY2
- Mold cost invoice in GST return
- WhatsApp document sharing: Client sends Aadhaar, P
- GST Registration Cancelled for Non-Filing Returns
- DPDPA Compliance for CA Firms: The 10 Client-Data
Related Topics
CAclubindia
