https://www.taxtmi.com/acts?id=18691 The amendment adds the use of an electronic clearing system through a bank account to the permissible modes under section 269SS for taking or accepting loans or deposits, which must be by account payee cheque, account payee bank draft, or electronic clearing where the amount of a loan or the aggregate of loans or deposits is twenty thousand rupees or more; the change takes effect from 1st April, 2015 and applies to assessment year 2015-16 and thereafter. en-us Fri, 11 Jul 2014 16:36:00 +0530 Fri, 11 Jul 2014 16:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=18691 The amendment adds the use of an electronic clearing system through a bank account to the permissible modes under section 269SS for taking or accepting loans or deposits, which must be by account payee cheque, account payee bank draft, or electronic clearing where the amount of a loan or the aggregate of loans or deposits is twenty thousand rupees or more; the change takes effect from 1st April, 2015 and applies to assessment year 2015-16 and thereafter. Act-Rules Bills Fri, 11 Jul 2014 16:36:00 +0530 https://www.taxtmi.com/acts?id=18691