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<h1>Finance Bill 2017 amends Section 40A: Cash payment limit reduced to Rs. 10,000, impacting deductible business expenses from 2018.</h1> The Finance Bill, 2017 proposed an amendment to Section 40A of the Income-tax Act, effective from April 1, 2018, applicable for the assessment year 2018-19 onwards. The amendment reduces the threshold for cash payments from twenty thousand to ten thousand rupees in a single day to a person. Payments exceeding this limit, if not made through an account payee cheque, bank draft, or electronic clearing system, will not be deductible and will be considered as profits and gains of the business or profession. Consequential changes are also proposed for sub-sections 3A and 4 of the same section.