Loan, deposit or specified sum taken or accepted otherwise than through an account payee cheque / draft / ECS / prescribed electronic mode
- Amount in the Act
- ₹20,000
- 1961 Act
- 269SS
Section findersection 185(1)Act page 247
Section 269SS in the Income-tax Act, 2025
The answer
Section 269SS of the Income-tax Act, 1961 is section 185(1) of the Income-tax Act, 2025. The Income-tax Act, 2025 is in force from 1 April 2026 and applies from FY 2026-27.
As enacted
Source: the enacted text of the Income-tax Act, 2025 [30 of 2025], as amended by the Finance Act, 2026, page 247. This page sets out the Table entry as read from the Act; read the section and the Notes to its Table before relying on it for a return or an opinion.
Questions this answers
What is section 269SS called in the Income-tax Act, 2025?
Section 269SS of the Income-tax Act, 1961 is section 185(1) of the Income-tax Act, 2025. The Income-tax Act, 2025 is in force from 1 April 2026 and applies from FY 2026-27.
What does section 185(1) of the Income-tax Act, 2025 provide?
Loan, deposit or specified sum taken or accepted otherwise than through an account payee cheque / draft / ECS / prescribed electronic mode. The amount in the Act is ₹20,000.