https://www.taxtmi.com/manuals?id=3521 Section 40A(3) denies deduction for expenditures where aggregate daily payments to the same person exceed the statutory cash threshold unless payments are made by account payee cheque, bank draft, electronic clearing through a bank account, or other prescribed electronic modes; it targets aggregate daily cash payments to the same payee to ensure use of traceable non-cash instruments. en-us Mon, 11 Dec 2023 14:35:00 +0530 Mon, 11 Dec 2023 14:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=3521 Section 40A(3) denies deduction for expenditures where aggregate daily payments to the same person exceed the statutory cash threshold unless payments are made by account payee cheque, bank draft, electronic clearing through a bank account, or other prescribed electronic modes; it targets aggregate daily cash payments to the same payee to ensure use of traceable non-cash instruments. Manuals Income Tax Mon, 11 Dec 2023 14:35:00 +0530 https://www.taxtmi.com/manuals?id=3521