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TDS & Section 40A(3)

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(Querist)
07 September 2020 We have deducted TDS on commission of Rs. 30,000 but payment is made in Cash.
Whether is it allowable expenditure under Income Tax ?
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
07 September 2020 You should not pay cash more than 10000/- in a single day.
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Vinay Chanchlani

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Vinay Chanchlani (Querist)
08 September 2020 Means more than 10k in cash is disallowed even we have made TDS compliences ?
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
02 October 2021 Yes, it will be disallowed 100%.

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