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of <h1>Amendment to Section 269T: Repayment Now Includes Bank Account or Other Prescribed Electronic Modes Effective September 2019.</h1> Section 269T of the Income-tax Act has been amended by the Finance (No. 2) Act, 2019, effective from September 1, 2019. The amendment changes the requirement from repayment through a 'bank account' to include repayment through 'bank account or through such other electronic mode as may be prescribed.' This broadens the acceptable methods for repayment under the specified section, allowing for additional electronic modes as prescribed by relevant authorities.
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