Loan or Deposit - Definition / Legal Terminology - Income Tax

Explanation.(iii) - For the purposes of section 269SS of the Income tax Act 1961- Loan or Deposit means- loan or deposit of money; Explanation.(iii) - For the purposes of section 269T of the Income tax Act 1961- Loan or Deposit means- any loan or deposit of money which is repayable after notice or repayable after a period and, in the case of a person other than a company, includes loan or deposit of any nature.