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of <h1>Tax Deduction Rules: Curbing Excessive Expenses and Limiting Cash Payments to Prevent Potential Income Tax Manipulation</h1> Section 40A of the Income Tax Act, 1961 provides guidelines for disallowing certain expenses in computing business income. Key provisions include: (1) Disallowing excessive or unreasonable expenditures with related parties, (2) Restricting cash payments exceeding ten thousand rupees, (3) Prohibiting certain provisions like gratuity without specific conditions, and (4) Limiting deductions for contributions to funds or institutions. The section aims to prevent tax avoidance and ensure reasonable business expenses are claimed.
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