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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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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