Electronic payment modes: prescribed electronic payments will count toward actual cost determination under section 43. Clause 12 replaces the reference to 'bank account' in the second proviso to section 43(1) with 'bank account or through such other electronic mode as may be prescribed,' enabling the Board to prescribe electronic payment modes whose use will prevent exclusion of acquisition-related payments from the computation of actual cost for tax purposes.
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Electronic payment modes: prescribed electronic payments will count toward actual cost determination under section 43.
Clause 12 replaces the reference to "bank account" in the second proviso to section 43(1) with "bank account or through such other electronic mode as may be prescribed," enabling the Board to prescribe electronic payment modes whose use will prevent exclusion of acquisition-related payments from the computation of actual cost for tax purposes.
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