https://www.taxtmi.com/article/detailed?id=1521 Statutory anti-black money mechanisms impose payment mode limits and valuation deeming rules: 40A disallows deductions for payments not made by account payee instrument beyond the prescribed limit; 50C deems stamp valuation authority value as full consideration for land/building transfers with provisions for valuation references; section 56 taxes certain receipts without or for inadequate consideration above thresholds with specified exclusions; sections 68, 69, 69A, 69B, 69C and 69D deem unexplained credits, investments, assets, expenditure and hundi transactions as income where explanations are unsatisfactory; 269SS/269T require specified banking modes for taking, accepting or repaying loans/deposits, subject to exceptions. en-us Tue, 29 Nov 2011 21:48:57 +0530 Tue, 29 Nov 2011 21:48:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1521 Statutory anti-black money mechanisms impose payment mode limits and valuation deeming rules: 40A disallows deductions for payments not made by account payee instrument beyond the prescribed limit; 50C deems stamp valuation authority value as full consideration for land/building transfers with provisions for valuation references; section 56 taxes certain receipts without or for inadequate consideration above thresholds with specified exclusions; sections 68, 69, 69A, 69B, 69C and 69D deem unexplained credits, investments, assets, expenditure and hundi transactions as income where explanations are unsatisfactory; 269SS/269T require specified banking modes for taking, accepting or repaying loans/deposits, subject to exceptions. Articles Income Tax Tue, 29 Nov 2011 21:48:57 +0530 https://www.taxtmi.com/article/detailed?id=1521