Payments by Supervisors to Individual Labourers, each not Exceeding Rs. 20,000, cannot be Disallowed under Section 40A(3) of Income Tax Act: Calcutta HC [Read Order]
Calcutta HC rules that payments by supervisors to individual labourers, each not exceeding Rs. 20,000, cannot be disallowed u/s 40A(3) of Income Tax Act
By Kalyani B. Nair - On April 12, 2024 9:10 pm - 2 mins read
In a significant ruling the Calcutta High Court observed that the payments by supervisors to individual labourers, each not exceeding Rs. 20,000, cannot be disallowed under Section 40A(3) of the Income Tax Act, 1961. The assessee used to draw a lump sum amount from bank by cheque through his employees i.e., supervisors for payment to…
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