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of <h1>Finance Bill 2019 amends Section 35AD to include electronic payments for capital expenditure deductions starting April 2020.</h1> Clause 9 of the Finance (No. 2) Bill, 2019 proposes an amendment to section 35AD of the Income-tax Act, specifically in sub-section (8), clause (f). The amendment allows deductions for capital expenditure in specified businesses if payments exceeding ten thousand rupees are made using prescribed electronic modes, in addition to account payee cheques, drafts, or electronic clearing systems. This change, effective from April 1, 2020, aims to broaden acceptable payment methods for deductions, applicable from the assessment year 2020-2021 onwards.
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