Income-tax (Sixteenth Amendment) Rules, 2000

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..... tion (3) of section 40A of the Income-tax Act, 1961 (43 of 1961) , the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962 , namely :- 1. (1) These rules may be called the Income-tax (Sixteenth Amendment) Rules, 2000 (2) They shall be deemed to have come into force on the twenty-fifth day of July, 1995 2. In the Income-t .....

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..... ule 6DD of the Income-tax Rules, 1962 prescribes the cases and circumstances in which payments in a sum exceeding the limit fixed under sub-section (3) of Section 40A, may be made otherwise than by a crossed cheque drawn on bank or a crossed bank draft. Prior to the 25th July, 1995, they were taking recourse to clause (j) of rule 6DD which provided for general exception to the said sub-section (3) .....

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