Deduction of tds

This query is : Resolved

ashok (Querist)
Follow

07 April 2015 I a company manager organised meeting with client in Hotel. as Hotel refused to take cheque and asked only for cash payment more than Rs 20000/-. So in this case can we make cash payment? please reply

1) If yes, then is TDS applicable, if billing amt is Rs more than 30000/-

2) If the bill is issued in the name of company manager than what will be treatment?

Please reply

CA.Sourabh Sethia

CA.Sourabh Sethia (Expert)
Follow

15 April 2015 1. TDS is not applicable in case the same is not on regular basis
and for payment in excess of Rs.20000/- on a single day is not allowed against the single bill.

2. If the bill is issued in your name you have to claim it as reimbursement