https://www.taxtmi.com/acts?id=19634 No person may accept from another any loan, deposit or specified sum except by account payee cheque, account payee bank draft or electronic clearing through a bank account where the amount or aggregate amount (including amounts previously unpaid) meets the statutory threshold. Exceptions include receipts from the Government, banks and certain statutorily established corporations and government companies, notified institutions, and transactions where both parties have only agricultural income and no taxable income. "Loan or deposit" means money and "specified sum" covers sums receivable in relation to transfer of immovable property. en-us Thu, 07 May 2015 14:23:38 +0530 Mon, 08 May 2017 12:35:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=19634 No person may accept from another any loan, deposit or specified sum except by account payee cheque, account payee bank draft or electronic clearing through a bank account where the amount or aggregate amount (including amounts previously unpaid) meets the statutory threshold. Exceptions include receipts from the Government, banks and certain statutorily established corporations and government companies, notified institutions, and transactions where both parties have only agricultural income and no taxable income. "Loan or deposit" means money and "specified sum" covers sums receivable in relation to transfer of immovable property. Act-Rules F. Acts / Amendment Acts Thu, 07 May 2015 14:23:38 +0530 https://www.taxtmi.com/acts?id=19634