Amount borrowed or repaid on hundi

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....rom, or any amount due thereon is repaid to, any person otherwise than through an account payee cheque drawn on a bank, the amount so borrowed or repaid shall be deemed to be the income of the person ....

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.... repayment of such amount. Explanation.-For the purposes of this section, the amount repaid shall include the amount of interest paid on the amount borrowed.]     ***************** NOTE....