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

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..... 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 deposit or the aggregate of the .....

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