Payment threshold for goods carriage services changed under section 40A, affecting deductibility rules for such payments. For payments made for plying, hiring or leasing goods carriages, sub sections (3) and (3A) of section 40A shall operate as if the original monetary threshold is replaced by a higher threshold, thereby changing the applicability of the disallowance mechanism for such payments; the amendment applies from its stated commencement date.
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Payment threshold for goods carriage services changed under section 40A, affecting deductibility rules for such payments.
For payments made for plying, hiring or leasing goods carriages, sub sections (3) and (3A) of section 40A shall operate as if the original monetary threshold is replaced by a higher threshold, thereby changing the applicability of the disallowance mechanism for such payments; the amendment applies from its stated commencement date.
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