Provisions of section 269T of the Income-tax Act, 1961-Regarding

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Indian Banks' Association had sought a clarification as to whether the payment in cash of periodical interest amount alone exceeding Rs. 10,000 would attract the provisions of section 269T of the Income-tax Act. This section provides that no company, co-operative society or firm shall repay and deposit otherwise than by an account payee cheque or account payee bank draft where the amount of depo .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X