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Payment to transporter

Shashi Vyas (Finance Professional) (34 Points)

20 May 2013

If I receiver 10 Lorry in a single day of the same Transporter/Owner

Can I make payment of Rs 35000/- for each lorry

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5 Replies

Devendra (Chartered Accountant) (4775 Points)
Replied 20 May 2013

Yes. You can make the payment.

1 Like

Ishan kewlani (Article) (172 Points)
Replied 20 May 2013

Payment to a single person in a single day can't exceed 35000/- in case of transport. So if all the 10 trucks below to same person u can't make the payment. If made it wld be disallowed.

1 Like

CA Anushree jain (CA) (1531 Points)
Replied 21 May 2013

yes you can but patment should by means of other then cash to avail deduction

1 Like

Gururaj V Megharaj (IPCC) (70 Points)
Replied 21 May 2013

As per sec 40 a (3), Payment for transport cannot exceed Rs. 35,000/- to a single transporter in a day.

1 Like

CA Krishna Chaitanya M (Chartered Accountant) (463 Points)
Replied 21 May 2013

As per sec 40 A(3), in the case of transporter, payment in excess of 35000 made otherwise than by an account payee cheque or draft exceeds 35000 , will be disallowed ( here amount of 35000 applicable per transporter per day , irrespective of invoice dated diffent days)

1 Like