CA Day celebration 2024 Easy Office
LCI Learning

Cash payment >20000 in to civil work contractor in 1voucher

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
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
Profile Image

CA Mandeep Singh

Profile Image

CA Mandeep Singh (Expert)
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.
Profile Image

Rupesh Jain

Profile Image

Rupesh Jain (Expert)
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.
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

CS,CA F,Numrologi TusharSampat

Profile Image

CS,CA F,Numrologi TusharSampat (Expert)
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

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CA Day celebration 2024 with Tally CCI Pro

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links