Section 269T → Section 331
Mode of repayment of certain loans or deposits
Quick Answer
Section 269T of the Income Tax Act, 1961 (Mode of repayment of certain loans or deposits) corresponds to Section 331 of the Income-tax Act, 2025, effective 1st April 2026. Status: Retained.
What changed for Section 269T
In the 1961 statute, Section 269T deals with mode of repayment of certain loans or deposits. Prohibits repaying loans or deposits of Rs. 20,000 or more in cash.
The new code maps this to Section 331: the provision is retained and renumbered as Section 331 of the Income-tax Act, 2025, applying from 1st April 2026. Retained. Repayment must be through account payee cheque/draft or electronic clearing system.
On the ground, changes to Section 269T carry a High impact. Mirror section to 269SS to curb black money.
Sec 269T
Provision Summary
Prohibits repaying loans or deposits of Rs. 20,000 or more in cash.
Sec 331
Provision Summary
Retained. Repayment must be through account payee cheque/draft or electronic clearing system.
Key Changes & Highlights
- Digital payment definitions expanded to include all UPI and notified IMPS/RTGS modes.
Related Sections
Frequently Asked Questions
What does Section 269T of the Income Tax Act 1961 deal with?
Section 269T of the Income Tax Act, 1961 covers mode of repayment of certain loans or deposits. Prohibits repaying loans or deposits of Rs. 20,000 or more in cash.
Where does Section 269T of the ITA 1961 go under the Income-tax Act, 2025?
Section 269T of the Income Tax Act, 1961 maps to Section 331 of the Income-tax Act, 2025, effective 1st April 2026 (status: Retained). Retained. Repayment must be through account payee cheque/draft or electronic clearing system.
Why does the change to Section 269T matter for taxpayers?
The transition impact for Section 269T is rated High. Mirror section to 269SS to curb black money.
What are the key changes to Section 269T under the Income-tax Act, 2025?
Digital payment definitions expanded to include all UPI and notified IMPS/RTGS modes. These points are specific to Section 269T (Mode of repayment of certain loans or deposits).
Disclaimer: This mapping of Section 269T (Mode of repayment of certain loans or deposits) to Section 331 of the Income-tax Act, 2025 is for educational and reference purposes only, based on publicly available drafts and circulars. As Section 269T is currently marked Retained, always confirm its treatment with a qualified Chartered Accountant before filing or making compliance decisions.
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