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Home List Manuals Income TaxIncome Tax - Frequently Asked Questions (FAQs)FAQs on Disallowance of cash expenses or limit on cash transactions This

Income Tax - Frequently Asked Questions (FAQs)

FAQs on Disallowance of cash expenses or limit on cash transactions

What is the provision of Section 269T?

  • Contents

Ans. Section 269T restricts a person from repayment of any loan, deposit, or any specified advance received by it otherwise than by an account payee che​que or account payee bank draft (drawn in the name of the person who made the loan, deposit or specified advance) or by use of electronic clearing system through a bank account or other electronic modes prescribed under Rule 6ABBA.​

 

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