https://www.taxtmi.com/article/detailed?id=6165 The article argues that electronic banking transfers (RTGS, NEFT, online transfers) must be treated as equivalent to account-payee cheques under sections 269SS and 269T and that similar treatment should extend to section 269TT; it urges retrospective application of the 2014 insertion recognising electronic clearing so as to avoid penalty proceedings, requests administrative guidance to suspend enforcement pending remedial legislation, and recommends raising monetary thresholds and including advances and specified sums relating to immovable property within the mode-of-payment restrictions. en-us Fri, 20 Mar 2015 02:48:24 +0530 Fri, 20 Mar 2015 02:48:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6165 The article argues that electronic banking transfers (RTGS, NEFT, online transfers) must be treated as equivalent to account-payee cheques under sections 269SS and 269T and that similar treatment should extend to section 269TT; it urges retrospective application of the 2014 insertion recognising electronic clearing so as to avoid penalty proceedings, requests administrative guidance to suspend enforcement pending remedial legislation, and recommends raising monetary thresholds and including advances and specified sums relating to immovable property within the mode-of-payment restrictions. Articles Income Tax Fri, 20 Mar 2015 02:48:24 +0530 https://www.taxtmi.com/article/detailed?id=6165