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amendment in section 40A(3)

This query is : Resolved 
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(Querist)
25 March 2009 Please explain recent amendment in sec 40A(3)with example
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CA LOKESH KASAT, FCA, M.Com

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CA LOKESH KASAT, FCA, M.Com (Expert)
25 March 2009 Payment made in a day otherwise then by account payee cheque will be disallowed.

Ex. Bill No. 4123: amounting Rs.34,000.

You apid 18,000 on 25/3/09 at 10:00 am and balance 16,000 on 25/3/09 at 4:00 pm.
Although payment made at a time is less then 20,000 for single bill but in a day for single bill exceeding Rs.20,000. therefore complete payment will be disallowed.
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