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payment to transporters

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(Querist)
28 March 2010 sir can we make payment to transporters in cash greater than 20000 in single day against his two bills
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Ram Avtar Singh

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Ram Avtar Singh (Expert)
28 March 2010 you can pay up to 35000 in cash in a single day to transporter. its amended in 2008-2009 budget.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
28 March 2010 The limit is enhanced to Rs.35,000/- with effect from 01/10/2009 vide 2nd proviso to section 40A(3A) of the Income tax Act,1961.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
28 March 2010 agree the limit of cash payment for transporter is enhance to Rs.35000/-
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CMA Arif Farooqui

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CMA Arif Farooqui (Expert)
30 March 2010 agreed with experts

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