https://www.taxtmi.com/acts?id=51637 Amounts borrowed or repaid through negotiable instruments (other than account payee cheques), hundis, or modes specified by the Board, including interest, are deemed to be the income of the person borrowing or repaying for the tax year in which the transaction occurs. If an amount has been deemed income when borrowed, that amount shall not be assessed again on repayment. en-us Thu, 14 Aug 2025 10:45:00 +0530 Tue, 26 Aug 2025 16:16:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=51637 Amounts borrowed or repaid through negotiable instruments (other than account payee cheques), hundis, or modes specified by the Board, including interest, are deemed to be the income of the person borrowing or repaying for the tax year in which the transaction occurs. If an amount has been deemed income when borrowed, that amount shall not be assessed again on repayment. Act-Rules Income Tax Thu, 14 Aug 2025 10:45:00 +0530 https://www.taxtmi.com/acts?id=51637