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    <title>Clarification regarding the meaning of the expression the produce of animal husbandry used in sub-clause (ii) of clause (f) of rule 6DD of the Income-tax Rules, 1962</title>
    <link>https://www.taxtmi.com/circulars?id=2834</link>
    <description>The Board clarifies that the produce of animal husbandry under rule 6DD(f)(ii) includes livestock, meat, hides and skins; payments otherwise than by crossed cheque or crossed bank draft made to the producer of such products for their purchase are not subject to the twenty percent disallowance under section 40A(3) read with rule 6DD, but the exception does not apply where the seller is not the producer and is merely a trader, broker or middleman.</description>
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    <pubDate>Wed, 29 Mar 2006 00:00:00 +0530</pubDate>
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      <title>Clarification regarding the meaning of the expression the produce of animal husbandry used in sub-clause (ii) of clause (f) of rule 6DD of the Income-tax Rules, 1962</title>
      <link>https://www.taxtmi.com/circulars?id=2834</link>
      <description>The Board clarifies that the produce of animal husbandry under rule 6DD(f)(ii) includes livestock, meat, hides and skins; payments otherwise than by crossed cheque or crossed bank draft made to the producer of such products for their purchase are not subject to the twenty percent disallowance under section 40A(3) read with rule 6DD, but the exception does not apply where the seller is not the producer and is merely a trader, broker or middleman.</description>
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      <pubDate>Wed, 29 Mar 2006 00:00:00 +0530</pubDate>
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