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        Bills

        Clause 57 - Amendment of section 269SS.

        Finance (No. 2) Bill, 2019
        Chapter III
        DIRECT TAXES - Income-tax

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        Mode of acceptance of payments: amendment allows prescribed electronic modes for taking loans and deposits above threshold. Amendment adds a rulemaking power to permit other electronic modes for taking or accepting certain loans, deposits and specified sums, supplementing existing account payee cheque, account payee bank draft and electronic clearing through a bank account; effective from 1st September, 2019.
                        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                          Provisions expressly mentioned in the judgment/order text.

                              Mode of acceptance of payments: amendment allows prescribed electronic modes for taking loans and deposits above threshold.

                              Amendment adds a rulemaking power to permit other electronic modes for taking or accepting certain loans, deposits and specified sums, supplementing existing account payee cheque, account payee bank draft and electronic clearing through a bank account; effective from 1st September, 2019.


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