CBDT Circular on payment made otherwise than by crossed cheque / bank draft

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Disallowance of expenditure for which payment exceeding Rs. 2,500 is made otherwise than by crossed cheque / bank draft under sub-section (3), read with rule 6DD of the Income-tax Rules – Scope and operation of the sub-section explained

Circular : No 34 [F. No. 13A/92/69-IT(A-II)], dated 5-3-1970.

1. The Board had occasion to deal with several representations from various chambers of commerce, trade associations and businessmen regarding the scope of provisions of section 40A(3) and rule 6DD. Since many of the points raised therein are of an important nature, the clarifications given thereon are summarised below.

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