If I receiver 10 Lorry in a single day of the same Transporter/Owner
Can I make payment of Rs 35000/- for each lorry
5 Replies
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.
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
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.
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)
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