Mode of taking or accepting certain loans, deposits and specified sum.

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....sum, except through- (a) an account payee cheque; (b) account payee bank draft; (c) electronic clearing system through a bank account; or (d) any other prescribed electronic mode, if,-- (i) the amount or the aggregate amount of such loan, deposit, or specified sum; or (ii) the amount or the aggregate amount of any previously taken or accepted loan or deposit or specified sum by such p....

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....3) The provisions of sub-section (1) shall not apply to any loan or deposit or specified sum where, the person taking or accepting such loan or deposit or specified sum and person from whom such loan or deposit or specified sum is taken or accepted, both, have agricultural income and neither has any income chargeable to tax under this Act. (4) In sub-section (1), "two lakh rupees" shall be substi....