https://www.taxtmi.com/acts?id=4262 Section 69D deems any amount borrowed on a hundi, or repaid thereon, to be the income of the borrower or repayer for the previous year when the transaction is carried out otherwise than by an account payee cheque; the deeming includes interest, and precludes reassessment under the section on subsequent repayment of an amount already treated as income. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 28 Aug 2025 11:58:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=4262 Section 69D deems any amount borrowed on a hundi, or repaid thereon, to be the income of the borrower or repayer for the previous year when the transaction is carried out otherwise than by an account payee cheque; the deeming includes interest, and precludes reassessment under the section on subsequent repayment of an amount already treated as income. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=4262