Rate of tax for cash payment over 20000/

This query is : Resolved 

30 August 2009 Respected sir,

kindly guide me if payment made by cash over 20000/ and if receiver does not comes any sections of tds 194... Then for tax deduction which rate will be applicable for cash payment.

With thanks in advance

30 August 2009 just specify for which service or goods you payment
and if payment made for goods then tds not require but payment is disallowd u/s 40(a)(3).

31 August 2009 agree with expert


31 August 2009 Yes Agree with Mr.Chintan Ajmera

01 September 2009 agree



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