section 194A
riyaz saif (40 Points)
08 May 2018
in this section 5 thousand rupees in any other case. any other case means??
riyaz saif (40 Points)
08 May 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(174837 Points)
Replied 08 May 2018
Firms, companies, trusts, individuals (liable for tax audit in Preceeding year) etc..... (other than banks, & post office)
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(174837 Points)
Replied 08 May 2018
Loans received from any 'person' with interest. (generally for business purpose)
riyaz saif
(40 Points)
Replied 08 May 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(174837 Points)
Replied 08 May 2018
For single bill limit is 30K.......(first condition)
But suppose non of the bill exceeds 30K, and say receives 5 bills in a year of amount 25K each..........
In that case from the 4th bill section 194C gets triggered. (second condition satisfied)
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