SUBSTITUTION OF RULE 6DD - Cases and circumstances in which payment in a sum exceeding twenty thousand rupees may be made otherwise than by an account payee cheque drawn on a bank or account payee bank draft

SUBSTITUTION OF RULE 6DD - Cases and circumstances in which payment in a sum exceeding twenty thousand rupees may be made otherwise than by an account payee cheque drawn on a bank or account payee bank draft https://www.taxtmi.com/notifications?id=14142 Enumerates exceptions to the general prohibition on cash payments above the prescribed threshold for tax disallowance: payments to specified banks, credit societies and the national life insurer; Government payments required in legal tender; transfers through banking instruments and electronic systems; adjustments against liabilities; purchases of agricultural, animal husbandry, fish, horticulture, apiculture and cottage-industry products from producers; payments in bankless localities; specified employee terminal benefits and temporary salary payments lacking local bank accounts; payments on bank-closed days; agent cash disbursements; and authorised dealer or money changer foreign-currency purchases. en-us Fri, 10 Oct 2008 00:00:00 +0530 Mon, 13 Oct 2008 09:52:00 +0530 TaxTMI RSS Generator SUBSTITUTION OF RULE 6DD - Cases and circumstances in which payment in a sum exceeding twenty thousand rupees may be made otherwise than by an account payee cheque drawn on a bank or account payee bank draft https://www.taxtmi.com/notifications?id=14142 Enumerates exceptions to the general prohibition on cash payments above the prescribed threshold for tax disallowance: payments to specified banks, credit societies and the national life insurer; Government payments required in legal tender; transfers through banking instruments and electronic systems; adjustments against liabilities; purchases of agricultural, animal husbandry, fish, horticulture, apiculture and cottage-industry products from producers; payments in bankless localities; specified employee terminal benefits and temporary salary payments lacking local bank accounts; payments on bank-closed days; agent cash disbursements; and authorised dealer or money changer foreign-currency purchases. Notifications Income Tax Fri, 10 Oct 2008 00:00:00 +0530 https://www.taxtmi.com/notifications?id=14142