Transportation

216 views
User Avatar

B.Com
153 Points Posted on 26 March 2021
If A Truck Driver Demands Rs.45,000 in cash for his service. How should I show it in book of Accounts.(Because transactions in cash limit is Rs.20,000)???
0 Reply Share Follow
On 26 March 2021 at 20:49 Report
Replies (4)
Quick Summary
This discussion addresses how to account for truck driver payments exceeding the ₹20,000 cash transaction limit. The consensus suggests splitting payments over multiple days to comply with regulations, with specific advice pointing towards a ₹35,000 cash limit for transporters.

User Avatar

Chartered Accountant
24588 Points Posted on 26 March 2021
You can pay 10000 rupees in cash in a single day, otherwise it will be disallowed.

Pay him in 5 days in cash
1 Reply
On 26 March 2021 at 21:04
User Avatar

Tax consultant
552 Points Posted on 26 March 2021
U can pay transporters upto 35000
cash.
1 Reply
On 26 March 2021 at 21:26
User Avatar

62 Points Posted on 26 March 2021
Limit for payment to transporter in cash is ₹35,000 so pay 35000 on one day and remaining on another day
1 Reply
On 26 March 2021 at 21:44
User Avatar

B.Com
153 Points Posted on 27 March 2021
Thank you so much
Reply
On 27 March 2021 at 07:32

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Export Compliance
  2. Sale of plots in open land
  3. Income tax query
  4. Best CA Inter coaching in laxmi nagar
  5. HOW TO SELL SHARES OF PRIVATE LIMITED COMPANY SOME
  6. Unregistered Association of Persons (AOP) Agreemen
  7. Intimation u/s 245 of income tax act
  8. Ewaybill query
  9. IDS Refund: GSTR-2B Invoice Not Validated in State
  10. Self assessment tax paid not reflected in ITR2 fil

More recent discussions | Post

Related Topics :

Loading