Pratik (Accountant) (48 Points)
21 August 2017Payment on a particular day:
URD Purchase (Payment to GTA) under Sec. 9(3) - 2000.00
URD Purchase (Hamali Charges) under Sec. 9(4) - 1000.00
Total Paid is 3000.00 (below threshold limit of 5000.00/day)
Question:
Is the threshold limit of 5000/day is applicable on total of amounts under both sections or only on section 9(4)?
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 21 August 2017
PRABIR PAUL
(*****Accountant***** Never insult to any person for any kind of lack of knowledge or misread.)
(1443 Points)
Replied 22 August 2017
Choose Purchase Taxable in case of section 9(3).
CAclubindia
