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How much expenditure can a trust do in cash
how much expenditure can a trust do in cash
Replies (3)
Sec.40A(3) & 40A(3A) applicable
In order to have audit trail of the expenses incurred by these entities, it is proposed that payments exceeding Rs. 10,000/- in cash made by such entities shall be disallowed and the same shall be subject to tax.”
Further, in order to improve TDS compliance by these entities, the Finance Minister proposed to provide that in case of non-deduction of tax, 30% of the amount shall be disallowed and the same shall be taxed.(Budget 2018-2019)
Press Information Bureau
Government of India
Ministry of Finance
Date: 01-February-2018
Further, in order to improve TDS compliance by these entities, the Finance Minister proposed to provide that in case of non-deduction of tax, 30% of the amount shall be disallowed and the same shall be taxed.(Budget 2018-2019)
Press Information Bureau
Government of India
Ministry of Finance
Date: 01-February-2018
Thousand rupees 10000
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