Regarding - cash payment limit of transporter in on days
This query is : Resolved
04 January 2016
Respected sir,
Daily 2-3 truck material dispatch by our company. we have cash paid to transporter on each truck 40000-45000 in cash in one days but voucher show in book below 35000/- in per day. what company can cash paid to the transporter as per income tax,because transporter payment not received by cheque, he cash received on daily basis truck load on each billty.
sir please tell us cash payment limit of transporter.
A waiting your reply
Daily 2-3 truck material dispatch by our company. we have cash paid to transporter on each truck 40000-45000 in cash in one days but voucher show in book below 35000/- in per day. what company can cash paid to the transporter as per income tax,because transporter payment not received by cheque, he cash received on daily basis truck load on each billty.
sir please tell us cash payment limit of transporter.
A waiting your reply
04 January 2016
Rs 35000 is the limit per day for transporter.
Message likes :
1 times
04 January 2016
what company can cash paid to transporter in all financial year because transporter not received cheque. he cash received on daily basis truck load, what no problem as per income tax.
please guide us
please guide us
04 January 2016
Any cash payment in excess of 35000 per day per transporter will not be claimed as deduction under IT Act.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst registration in the state of maharashtra
- Service Provider GST
- Receipts in bank account by way of transfer from various persons via UPI
- Causal labour
- RCM is applicable or not (labour Charges , loading and uloading charges)
- 26QB last installment Query
- GST ISD registration
- TDS on amenities like electriity / transformer
- TDS on advance amount paid to builder
- TDS u/s 194Q in case of Section 8 company registered u/s 12A and 80G
- Appeal form 35 issues
- GST on written off amount credited to profit & loss account
- MSME REPORTING IN 3CB-CD
- GST REGIST FOR EXPORT OF SERVICE (ACCOUNTING)TO FOREIGN CLIENTS IF TURNOVER LESS THAN 20 LAC
- SECTION 50AA SHORT TERM CAPITAL GAIN IN CASE OF MLD
- REGARDING NEW GST REGISTRATION
- GSTR 3B and GST Challan payment
- How to surrender Duty Drawback
- ITC Reversal & re-claim statement [FY 2023-24]
- How to generate e invoice for a software company having LUT Bond
Trending Online Classes
-
GST LIVE Certification Course - 42nd Weekend Batch(With Govt Certificate)
Industry Expert17 May 2025
CAclubindia
