Clarification regarding the meaning of the expression the produce of animal husbandry used in sub-clause (ii) of clause (f) of rule 6DD of the Income-tax Rules, 1962

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..... Circular No. 4/2006, dated 29-3-2006 Disallowance of twenty percent of the expenditure under the provisions of sub-section (3) of section 40A is made in the computation of income in any case where a payment is made otherwise than by a crossed cheque drawn on a bank or by a crossed bank draft for a sum exceeding twenty thousand rupees. However, payment otherwise than by a crossed cheque drawn .....

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..... l husbandry used in sub-clause ( ii ) of clause ( f ) of rule 6DD. 3. The Board after examination of the issue are of the view that the expression the produce of animal husbandry used under rule 6DD( f )( ii ) would include livestock and meat and in a case where payment exceeding rupees twenty thousand is made to a producer of the products of animal husbandry (including livestock, meat, hides an .....

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