https://www.taxtmi.com/acts?id=49104 Amounts borrowed or repaid through negotiable instruments, hundis or other Board specified modes, other than by account payee cheque, are deemed to be the income of the borrower or repayer for the tax year in which the transaction occurs; once so deemed and assessed, the amount is not to be reassessed on repayment. en-us Fri, 14 Feb 2025 16:52:32 +0530 Fri, 14 Feb 2025 16:52:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49104 Amounts borrowed or repaid through negotiable instruments, hundis or other Board specified modes, other than by account payee cheque, are deemed to be the income of the borrower or repayer for the tax year in which the transaction occurs; once so deemed and assessed, the amount is not to be reassessed on repayment. Act-Rules Bills Fri, 14 Feb 2025 16:52:32 +0530 https://www.taxtmi.com/acts?id=49104