Section 40A(3) of the Income-tax Act, 1961--Payments in excess of Rs. 2,500 to be made by crossed cheques or crossed bank drafts--Suspension of clearing operations by banks--Clarification regarding

Section 40A(3) of the Income-tax Act, 1961--Payments in excess of Rs. 2,500 to be made by crossed cheques or crossed bank drafts--Suspension of clearing operations by banks--Clarification regarding https://www.taxtmi.com/circulars?id=4662 Section 40A(3)'s disallowance for payments not made by crossed cheque or draft is inapplicable where the assessing officer is satisfied that payment could not be made by crossed cheque/draft due to exceptional or unavoidable circumstances en-us Thu, 11 Jan 1979 00:00:00 +0530 Fri, 01 Aug 2008 18:15:00 +0530 TaxTMI RSS Generator Section 40A(3) of the Income-tax Act, 1961--Payments in excess of Rs. 2,500 to be made by crossed cheques or crossed bank drafts--Suspension of clearing operations by banks--Clarification regarding https://www.taxtmi.com/circulars?id=4662 Section 40A(3)'s disallowance for payments not made by crossed cheque or draft is inapplicable where the assessing officer is satisfied that payment could not be made by crossed cheque/draft due to exceptional or unavoidable circumstances Circulars Income Tax Thu, 11 Jan 1979 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4662