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of <h1>Finance Bill 2019-20 mandates electronic payments, bans cash for transactions over specified limits in Sections 269SS, 269ST, 269T.</h1> The Finance Bill 2019-20 includes measures to promote a less cash economy by mandating electronic payments. Key provisions prohibit cash transactions and require payments through account payee cheques, drafts, or electronic clearing systems. For instance, political donations over two thousand rupees must be made electronically to qualify for tax exemptions. Expenditures exceeding ten thousand rupees must also be electronic to be deductible. Amendments will introduce additional electronic payment modes from April 2020 for the 2020-2021 assessment year. Sections 269SS, 269ST, and 269T will similarly mandate electronic transactions for amounts exceeding specific thresholds, effective September 2019.
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