Limit on cash payment for hiring goods carriages increased, affecting cash expense disallowance under income tax rules. Payment for plying, hiring, or leasing goods carriages is subject to a specific cash payment ceiling: the applicable ceiling of Rs. 35,000 replaces the ... Summary
Limit on cash payment for hiring goods carriages increased, affecting cash expense disallowance under income tax rules.
Payment for plying, hiring, or leasing goods carriages is subject to a specific cash payment ceiling: the applicable ceiling of Rs. 35,000 replaces the general cash payment limit and governs disallowance of cash expenses claimed for goods carriage hiring or leasing.
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