Kamal Verma (Financial advisor) (582 Points)
17 July 2018Dear Experts,
Can we pay cash to transporter during a financial year with different GR more than Rs. 2,00,000?
Sarath Rajendran
(Nil)
(2791 Points)
Replied 17 July 2018
269ST -
(a) in aggregate from a person in a day; or
(b) in respect of a single transaction; or
(c) in respect of transactions relating to one event or occasion from a person,
different GR used for different travel then you can use 2,00,000 above amount as cash payment ( BUT THIS PAYMENT MADE IN DIFFERENT DATES)
Kamal Verma
(Financial advisor)
(582 Points)
Replied 17 July 2018
We have paid Rs. 6 lace to one transporter in cash for diffrent GR raised in diffrent dates during a financial year, is this transaction is allowed in income tax?
Kamal Verma
(Financial advisor)
(582 Points)
Replied 16 August 2018
We have paid Rs. 6 lace to one transporter in cash for diffrent GR raised in diffrent dates during a financial year, is this transaction is allowed in income tax? We have got declaration in compliance of section 194C from transporters.
CAclubindia
