Expenses or payments not deductible in certain circumstances
Cash payments above ₹10,000 to a single party in a day are disallowed. Excessive payments to relatives and associated persons. Section 43B deposits required for deductibility of certain statutory dues.
Key provisions
- Cash payments above ₹10,000 to a single party in a day are disallowed. Excessive payments to relatives and associated persons. Section 43B deposits required for deductibility of certain statutory dues.
Use via API
GET/v1/tax-law/sections/by-2025-ref/95
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REQUEST · cURL
curl https://api.thynktax.com/v1/tax-law/sections/by-2025-ref/95
RESPONSE · 200 OK
{
"act_2025_ref": "95",
"old_reference": "Section 40A, Income Tax Act 1961",
"title": "Expenses or payments not deductible in certain circumstances",
"category": "Section",
"limit_or_rate": "-",
"applicable_to": "-",
"effective_from": "2026-04-01"
}