TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Penalty for Non-Compliant Loan or Deposit Repayment Under Section 269T of the Income Tax Act</h1> A person who repays any loan, deposit, or specified advance in a manner not complying with the provisions of section 269T is liable to pay a penalty equal to the amount so repaid. This penalty is imposed by the Joint Commissioner, except that from April 1, 2025, onwards, the Assessing Officer will impose the penalty. The provisions aim to enforce compliance with prescribed methods of repayment under the Income Tax Act, 1961, and ensure proper financial discipline in transactions involving loans, deposits, or specified advances.
TaxTMI 
TaxTMI 
