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MODE OF REPAYMENT OF CERTAIN LOANS OR DEPOSITS [Section:- 269T]

Income Tax - Penalties - Circumstances, Procedures and Relief - 15 - Mode of repayment of certain loans or deposits - Section 269ST (a) No branch of a banking company or a co-operative bank and (b) no other company or co-operative society and (c) no .....

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he specified advance, or by use of electronic clearing system through a bank account if- (a) the amount of the loan or deposit or specified advance together with the interest, if any, payable thereon is ₹ 20,000 or more, or (b) the aggregate am .....

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her person on the date of such repayment together with the interest, if any, payable on such loans or deposits is ₹ 20,000 or more, or (c) the aggregate amount of the specified advances received by such person either in his own name or jointly .....

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may also be made by crediting the amount of such loan or deposit to the savings bank account or the current account (if any) with such branch of the person to whom such loan or deposit has to be repaid However, loan taken from following can be repaid .....

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