Payment on a particular day:
URD Purchase (Payment to GTA) under Sec. 9(3) - 2000.00
URD Purchase (Hamali Charges) under Sec. 9(4) - 1000.00
Total Paid is 3000.00 (below threshold limit of 5000.00/day)
Question:
Is the threshold limit of 5000/day is applicable on total of amounts under both sections or only on section 9(4)?
Only 9(4)..
Choose Purchase Taxable in case of section 9(3).
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
