TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Income-tax Act Section 40A Amended: Payments Must Be Made via Crossed Cheque or Draft to Avoid Deduction Disallowance.</h1> Section 40A of the Income-tax Act has been amended to include a new sub-section (4). This provision mandates that payments related to certain expenditures must be made via a crossed cheque or crossed bank draft to avoid disallowance as deductions under sub-section (3). It further stipulates that if payments are made or tendered in this manner, no legal challenge can be raised on the basis that the payment was not made in cash or through other means.
TaxTMI 
TaxTMI 
