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Part DCA - Safe Harbour Rules for income referred to in clause (i) of sub-section (1) of section 9 chargeable to tax under the head (From Rule 10TI to Rule 10TIC)
Rule 6DD - Cases and circumstances in which a payment or aggregate of payments exceeding twenty thousand rupees may be made to a person in a day, otherwise than by an account payee cheque drawn on a bank or account payee bank draft
Income-tax Rules, 1962 Part C Profits and gains of business or profession
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Cash payment exceptions under Rule 6DD define when section 40A disallowance does not apply to specified business payments. No disallowance under section 40A(3) and no deemed business income under section 40A(3A) arise where a payment, or aggregate of payments to a person in a day, exceeds the prescribed cash limit but falls within the specified exceptions in Rule 6DD. The exceptions cover payments to banking institutions and certain public financial bodies, payments to Government where legal tender is required, recognised banking-channel payments, adjustment against liabilities, specified agricultural and cottage-industry purchases, payments in unbanked areas, terminal benefits to employees or heirs, salary to certain temporarily posted employees without a local bank account, agent cash payments, and foreign-currency or travellers-cheque purchases by authorised dealers or money changers.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Cash payment exceptions under Rule 6DD define when section 40A disallowance does not apply to specified business payments.
No disallowance under section 40A(3) and no deemed business income under section 40A(3A) arise where a payment, or aggregate of payments to a person in a day, exceeds the prescribed cash limit but falls within the specified exceptions in Rule 6DD. The exceptions cover payments to banking institutions and certain public financial bodies, payments to Government where legal tender is required, recognised banking-channel payments, adjustment against liabilities, specified agricultural and cottage-industry purchases, payments in unbanked areas, terminal benefits to employees or heirs, salary to certain temporarily posted employees without a local bank account, agent cash payments, and foreign-currency or travellers-cheque purchases by authorised dealers or money changers.
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