Payment made in excees 20k in same day
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 February 2013
Dear Sir
One of the our client is received a bill Rs 21,000/- and he paid Rs 18,900 in cash and deduct Tds Rs 2100 its allowed as per income tax or not
Thanks
One of the our client is received a bill Rs 21,000/- and he paid Rs 18,900 in cash and deduct Tds Rs 2100 its allowed as per income tax or not
Thanks
25 February 2013
Allowed paymant up to 20000
Message likes :
1 times
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 February 2013
Sir
after deduction its come below 20k its also allowed not effect the TDS amount
after deduction its come below 20k its also allowed not effect the TDS amount
26 February 2013
irrespective of any number of transactions, where the amount does not exceed the prescribed amount in each transaction, the rigours of section 40A (3) will not apply.
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