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Measures to discourage cash transactions

Measures to discourage cash transactions :

CLAUSE(S) OF
FINANCE BILL,
2017
PARTICUL ARS OF AMENDME NTSSECTIONAMENDMENT / NEWLY
INSERTED
APPLICABLE
W.E.F.
BRIEF OF AMENDMENT
15Measures to
discourage
cash
transactions
40AAMENDED01st April 2018
(A.Y. 2018-19)
It is proposed that any expenditure in respect of which
payment or aggregate of payments made to a person in a
day exceeds Rs.10,000 shall not be allowed as deductionThus the threshold of cash payments to a person in a day
has been reduced from Rs 20000 to Rs 10000.
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