https://www.taxtmi.com/manuals?id=1388 Repayments of loans, deposits or specified advances at or above the statutory threshold must be made only by account payee cheque, account payee bank draft in the payee's name, electronic clearing through a bank account, or other prescribed electronic modes; banking branches may credit the payee's savings/current account. Specified exemptions apply for government and certain financial institutions. Non-compliance attracts a penalty equal to the amount repaid, imposed by the prescribed tax authority. Special higher threshold treatment applies to specified primary co-operative agricultural institutions and their members. en-us Sat, 09 Jan 2016 12:24:00 +0530 Tue, 10 Jun 2025 18:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1388 Repayments of loans, deposits or specified advances at or above the statutory threshold must be made only by account payee cheque, account payee bank draft in the payee's name, electronic clearing through a bank account, or other prescribed electronic modes; banking branches may credit the payee's savings/current account. Specified exemptions apply for government and certain financial institutions. Non-compliance attracts a penalty equal to the amount repaid, imposed by the prescribed tax authority. Special higher threshold treatment applies to specified primary co-operative agricultural institutions and their members. Manuals Income Tax Sat, 09 Jan 2016 12:24:00 +0530 https://www.taxtmi.com/manuals?id=1388