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 Notifications
of of All Notifications
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Income-tax Rules Amended: Rule 6DD Limit Raised from Rs. 10,000 to Rs. 20,000 Effective April 1997 to Align with Section 40A(3).</h1> The Central Board of Direct Taxes issued the Income-tax (Thirty-first Amendment) Rules, 1999, amending the Income-tax Rules, 1962. Effective from April 1, 1997, this amendment changes the limit in rule 6DD from 'ten thousand' to 'twenty thousand' rupees. This aligns with the amendment to Section 40A(3) of the Income-tax Act, 1961, made by the Finance (No. 2) Act, 1996, which increased the limit for non-cheque or non-draft payments to twenty thousand rupees. The amendment aims to resolve discrepancies without adversely affecting taxpayers.
TaxTMI 
TaxTMI 
