03 June 2022
The assessee has a contract to supply material to ongoing repair works at Kedarnath. The daily Payments to laborers is 500,000 (Approx) in cash ranging from 500 to 800 persons & mules per day.As the people don't have bank accounts the payment is to be made in cash only.
The cash is being withdrawn from bank & tds being deducted thereon.
Can the tds be waived by the Income tax as the cash payment is inevitable due to remote area and other reasons Also will Income tax leavy any penalty towards cash payments
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