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of <h1>Clarification on Rule 6DD(f)(ii): Payments for Livestock and Meat Exempt from Disallowance u/s 40A(3) with Conditions.</h1> The circular clarifies the expression 'the produce of animal husbandry' in rule 6DD(f)(ii) of the Income-tax Rules, 1962, to include livestock and meat. Payments exceeding twenty thousand rupees made to producers of such products, not via crossed cheque or bank draft, are exempt from disallowance under section 40A(3), provided the seller is a verified producer, not a trader or middleman. A producer is defined as someone who buys animals, slaughters them, and sells the meat. To claim this benefit, a declaration from the seller, confirmation of payment method, and a veterinary certification are required.
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