Example: In which X got acknowledged a loan from XYZ into the 1stby a keen account payee cheque to own Rs
When you look at the recent amendments, Fund (Zero. 2) Operate, 2019 replaced the phrase ‘savings account which have ‘checking account otherwise as a result of such as for instance other electronic settings as is generally prescribed’.’Thesesuchother digital modes’ ‘are informed by the Ministry from Financing just like the following:
It point applies to the persons i.age. private, HUF, Team, Relationship enterprise, AOP/BOI, Local power, Co-operative neighborhood, Believe, AJP.
v. such as for instance almost every other place, relationship or human anatomy or group of establishments, associations otherwise bodies which the Central Government get, having reasons to getting recorded on paper, alert in this behalf throughout the Certified Gazette :
since combined mortgage a great (19,000 + dos,000) = 21,100000 is more than otherwise equal to 20,000 the latest conditions of Sec 269SS might be drawn whether your the fresh new financing on fifteen th try consumed bucks. Leia mais