Cash payment restrictions for asset acquisitions: non banked large cash payments ignored in determining actual cost.

Amendment disallows from actual cost any expenditure for acquisition of an asset where payments to a person in a day, made otherwise than by account payee cheque, account payee bank draft, or electronic clearing through a bank account and exceeding a cash threshold, and provides that when an investment-linked deduction is deemed income, actual cost is reduced by the amount of depreciation that would have been allowable from acquisition at the applicable rate.

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