Payment or aggregate of payments made in a day to a person, otherwise than through specified banking or online modes
- Amount in the Act
- ₹10,000
- 1961 Act
- 40A(3)
Section findersection 36(4)Act page 72 section 36(6)Act page 72
Section 40A(3) in the Income-tax Act, 2025
The answer
In the Income-tax Act, 2025, 40A(3) is section 36(4) and 40A(3) proviso is section 36(6). The Income-tax Act, 2025 is in force from 1 April 2026 and applies from FY 2026-27.
As enacted
The s.36(4)/(5) ceiling read as ₹35,000 for plying, hiring or leasing goods carriages
- Amount in the Act
- ₹35,000
- 1961 Act
- 40A(3) proviso
Source: the enacted text of the Income-tax Act, 2025 [30 of 2025], as amended by the Finance Act, 2026, page 72. This page sets out the Table entry as read from the Act; read the section and the Notes to its Table before relying on it for a return or an opinion.
Questions this answers
What is section 40A(3) called in the Income-tax Act, 2025?
In the Income-tax Act, 2025, 40A(3) is section 36(4) and 40A(3) proviso is section 36(6). The Income-tax Act, 2025 is in force from 1 April 2026 and applies from FY 2026-27.
What does section 36(4) of the Income-tax Act, 2025 provide?
Payment or aggregate of payments made in a day to a person, otherwise than through specified banking or online modes. The amount in the Act is ₹10,000.
What does section 36(6) of the Income-tax Act, 2025 provide?
The s.36(4)/(5) ceiling read as ₹35,000 for plying, hiring or leasing goods carriages. The amount in the Act is ₹35,000.