Amendment in Section 80GGA
New sub-clause
A new sub-section has been inserted namely (2A) to Section 80GGA of the Income-tax Act, which provides that no deduction shall be allowed under this section in respect of any sum exceeding ten thousand rupees unless such sum is paid by any mode other than cash.
Analysis
As per the new sub-section (2A) to Section 80GGA of the Income tax Act any payment exceeding a sum of ten thousand rupees shall only be allowed as a deduction if such sum is paid by any mode other than cash.
These amendments will take effect from 1st April, 2013 and will, accordingly, apply in relation to assessment year 2013-14 and subsequent assessment years.
New sub-clause
A new sub-section has been inserted namely (2A) to Section 80GGA of the Income-tax Act, which provides that no deduction shall be allowed under this section in respect of any sum exceeding ten thousand rupees unless such sum is paid by any mode other than cash.
Analysis
As per the new sub-section (2A) to Section 80GGA of the Income tax Act any payment exceeding a sum of ten thousand rupees shall only be allowed as a deduction if such sum is paid by any mode other than cash.
These amendments will take effect from 1st April, 2013 and will, accordingly, apply in relation to assessment year 2013-14 and subsequent assessment years.
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