Where an assessee doing business expenditure in respect of which payments made to a person in a day exceeds ₹ 10,000 should be paid through account payee cheque or demand draft, ECS or through such other electronic mode as may be prescribed to claim deduction for such expenditure. This restriction does not apply to-
A. Payments made to RBI
B. Payments made to cultivators
C. Payment of terminal benefits to employees not exceeding ₹ 50,000
D. All of the above
Answer:D
Where an assessee doing business expenditure in respect of which payments made to a person in a day exceeds ₹ 10,000 should be paid through account payee cheque or demand draft, ECS or through such other electronic mode as may be prescribed to claim deduction for such expenditure. This restriction does not apply to-
A. Payments made to RBI B. Payments made to cultivators C. Payment of terminal benefits to employees not exceeding ₹ 50,000 D. All of the above