cash transfer query

170 views 2 replies

I am a students of intermidiate

19 Points Joined July 2017

can I send cash to any factory for labour payment amount 50000.00/- in a day ..( there are no banking facility, as well as no e wallet )?

Replies (2)

Coaching and Practice in Tax Audit Law

4429 Points Joined June 2018

Yes, only if salary to individual payee is < 10,000/-

If itrs >10,000/- then you need to send on 2 different days

CPT

24 Points Joined May 2015

as per provisions of sec-40A(3),if there is no banking facilities you can.make sure that the place is rural...

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