Section 104 - Amendment of section 269T - Direct Tax Laws (Amendment) Act, 1987

104. Amendment of section 269T. In section 269T of the Income-tax Act, - (a) in sub-section (2), - (i) after the words no firm , the words or other person shall be inserted; (ii) for the words ten thousand rupees , the words twenty thousand rupees shall be substituted; (b) in the Explanation, for clause (ii), the following clause shall be substituted, namely :- (ii) deposit means any deposit of money which is repay- able after notice or repayable after a period and, in the case of a person other than a company, includes deposit of any nature. .