Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Amendment to Section 271E broadens scope: 'loan or deposit' replaces 'deposit' in Income-tax Act. Effective June 1, 2003.</h1> Section 271E of the Income-tax Act has been amended by the Finance Act, 2003. Effective from June 1, 2003, the amendment involves replacing the word 'deposit' with 'loan or deposit' in sub-section (1). This change broadens the scope of the section to include both loans and deposits, affecting the interpretation and application of related provisions under the Act.