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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Payment to transporter
Replies (5)
Yes. You can make the payment.
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.
yes you can but patment should by means of other then cash to avail deduction
As per sec 40 a (3), Payment for transport cannot exceed Rs. 35,000/- to a single transporter in a day.
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)
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