Amount borrowed or repaid through negotiable instrument, hundi, etc.
X X X X Extracts X X X X
X X X X Extracts X X X X
....hrough negotiable instrument, hundi, etc. 106. (1) Where any amount (including interest thereof) is borrowed or repaid through a negotiable instrument or a hundi, other than an account payee cheque....
X X X X Extracts X X X X
X X X X Extracts X X X X
....in in respect of such amount under that sub-section on repayment of such amount. - Clause 106 of the Bill seeks to provide that where any amount is borrowed on a hundi and other instruments like ....
Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.
TaxTMI