https://www.taxtmi.com/acts?id=48601 The amendment substitutes the previous monetary figure with a higher specified amount in subsection (3) of section 40A, effective from the commencement date in the Finance (No. 2) Act, 1996, thereby raising the threshold at which specified payments are subject to the expense disallowance rule under income-tax law. en-us Wed, 12 Feb 2025 15:52:50 +0530 Wed, 12 Feb 2025 15:52:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=48601 The amendment substitutes the previous monetary figure with a higher specified amount in subsection (3) of section 40A, effective from the commencement date in the Finance (No. 2) Act, 1996, thereby raising the threshold at which specified payments are subject to the expense disallowance rule under income-tax law. Act-Rules F. Acts / Amendment Acts Wed, 12 Feb 2025 15:52:50 +0530 https://www.taxtmi.com/acts?id=48601