Cash payment >20000 in to civil work contractor in 1voucher
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 June 2014
We Are Paying the Cash to Civil work contractor for work done by him by Labor Amount is Rs.100000/- we will pay the cash to contractor then contractor pay to labour, we will receive the bill from contractor tds deducted 1% on Rs.100000/- It Is Accepted in Single Voucher or Not
05 June 2014
you cannot pay more than Rs. 20000 in a day, otherwise expense will be disallowed, so make voucher not exceeding Rs. 20000 in a day.
Message likes :
1 times
07 June 2014
you can not pay cash exceed Rs.20000/- to single person in a day.
if you make payment >20000. then it will addition in your income.
if you make payment >20000. then it will addition in your income.
07 June 2014
yes sec 40A (3) shall be applicable in this case.......
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Tds on building rent monthly
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- RCM INVOICING FROM NOV-2024
- Confusion around Form 26QB fields
- REGARDING ACCOUNTING CODE FOR SERVICE TAX PAYMENT
- Redevolpment of bldg in mumbai
- Refund of AY 22-23
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
