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 Manuals
of of All Manuals
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Mandatory Electronic Repayment of Loans and Deposits Over 20,000 Rupees with Strict Compliance Penalties</h1> A legal provision governing the repayment of loans, deposits, and specified advances exceeding twenty thousand rupees. Mandates repayment through account payee cheque, bank draft, or electronic clearing system. Certain entities like government institutions are exempt. Penalties equal to the repaid amount apply for non-compliance. Special provisions exist for agricultural credit societies. The penalty authority shifts from Joint Commissioner to Assessing Officer from April 2025. Applies to various financial transactions involving loans and deposits.
TaxTMI 
