https://www.taxtmi.com/forum/issue?id=2858 Whether a cooperative credit society contravenes the prohibition on cash acceptance when it accepts a borrower's cash repayment is the operative question; the society disbursed the loan by cheque and accepted a partial cash repayment. The reply notes that the cited provision addresses acceptance of deposits or loans while separate statutory rules govern repayment, creating a distinction between acceptance of loans/deposits and acceptance of repayments. en-us Thu, 03 Mar 2011 18:28:53 +0530 Thu, 23 Jan 2025 15:58:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=2858 Whether a cooperative credit society contravenes the prohibition on cash acceptance when it accepts a borrower's cash repayment is the operative question; the society disbursed the loan by cheque and accepted a partial cash repayment. The reply notes that the cited provision addresses acceptance of deposits or loans while separate statutory rules govern repayment, creating a distinction between acceptance of loans/deposits and acceptance of repayments. Discussion-Forum Income Tax Thu, 03 Mar 2011 18:28:53 +0530 https://www.taxtmi.com/forum/issue?id=2858