How much expenditure can a trust do in cash
Sanal yasir (Advocate) (29 Points)
01 November 2019
how much expenditure can a trust do in cash
3 Replies
Kapadia Pravin
(17264 Points)
Replied 01 November 2019
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
Recent Topics
- Reporting Dividend in ITR2
- Tax Audit Applicability for F&O Loss
- Resume of my studies
- Payment Platform Compliance for Freelance Income
- Insurance commission of 3lacs & along with oth
- Regarding digital signature on sale bill
- Digital signature in sale invoice
- GST notice in Form GSTR-3A issued u/s 46 to person
- Filing LTC Gains and loss in ITR1 FY2024-25
- IRN at e_waybill print out
Related Threads
Trending Online Classes
-
Certification Course on GSTR-3B Reconciliation with GSTR-2B through AI Tools
CA Deepak Gupta15 July 2025
CAclubindia
