https://www.taxtmi.com/acts?id=7584 A promissory note is an instrument in writing (not a bank-note or currency-note) containing an unconditional undertaking, signed by the maker, to pay a certain sum of money only to, or to the order of, a certain person, or to the bearer. Simple promises to pay and acknowledgments of debt payable on demand qualify; IOUs, conditional promises, obligations with deductions, contingent payments, and combined payment-and-delivery instruments do not qualify. en-us Sat, 19 Jan 2008 22:45:54 +0530 Sat, 19 Jan 2008 22:45:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=7584 A promissory note is an instrument in writing (not a bank-note or currency-note) containing an unconditional undertaking, signed by the maker, to pay a certain sum of money only to, or to the order of, a certain person, or to the bearer. Simple promises to pay and acknowledgments of debt payable on demand qualify; IOUs, conditional promises, obligations with deductions, contingent payments, and combined payment-and-delivery instruments do not qualify. Act-Rules Indian Laws Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=7584