a truck owner has attached his truck to a transport firm (partnership transport firm) from where truck owner loads goods for multiple delivery places and suppose 4 freight challans are made for amount Rs. 9,000 each (total freight amount is 36,000) .....
transport firm charge 10% commission on freight amount which is 3,600 and rest of the amount Rs. 32,400 is payable to the truck owner.
in this situation ...can a transport firm paid rs 32,400 to the truck owner in cash ?
Sec 40A(3)
sonu gulati (33 Points)
18 July 2019
CAclubindia
