Amendment of section 40A.

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....effect from the 1st day of April, 2018,- (A) in sub-section (3), for the words "exceeds twenty thousand rupees", the words "or use of electronic clearing system through a bank account, exceeds ten thousand rupees," shall be substituted; (B) in sub-section (3A),- (i) after the words "account payee bank draft,", the words "or use of electronic clearing system through a bank account" shall be i....

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.... expenses or payments not deductible in certain circumstances. Sub-section (3) of the said section provides that where the assessee incurs any expenditure in respect of which payment exceeding twenty thousand rupees is made otherwise than by an account payee cheque drawn on a bank or account payee bank draft to a person in a single day, no deduction shall be allowed in respect of such expenditure....