Tag Archives: Section 269T

NBFC to Disburse loans against gold above Rs 20000 in non cash mode -RBI

By | March 11, 2017

RBI/2016-17/245 DNBR (PD) CC.No.086/03.10.001/2016-17 March 09, 2017 All NBFCs Madam/ Sir, Disbursal of loan amount in cash Reference is invited to instructions contained in para 37(iii)(b) of Non-Banking Financial Company – Non-Systemically Important Non-Deposit taking Company (Reserve Bank) Directions, 2016 and Non-Banking Financial Company – Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve… Read More »

No repayment of Loans or deposits or advance in cash >Rs 20000

By | May 22, 2016

Repayment of Loans or deposits or advance in cash Section 269T of Income Tax Act after amendment by Finance Act 2015 Salient Features of Section 269T on Repayment of Loans or deposits or advance No person shall repay any loans or deposits made with it or any specified advance received by it i.e any sum of money in… Read More »