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 Direct Tax Code 2025 (Income-tax Act, 2025), effective 1st April 2026. Status: Retained.
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 (Mode of repayment of certain loans or deposits) Prohibits repaying loans or deposits of Rs. 20,000 or more in cash.
What is the new section number for Section 269T under the Direct Tax Code 2025?
Section 269T of the ITA 1961 maps to Section 331 of the Direct Tax Code 2025 (Income-tax Act, 2025), effective from 1st April 2026.
What is the status of Section 269T under the new tax code?
Section 269T is marked as "Retained" with status "Active". Impact: High - Mirror section to 269SS to curb black money.
What are the key changes to Section 269T under DTC 2025?
Digital payment definitions expanded to include all UPI and notified IMPS/RTGS modes.
Disclaimer: This page is for educational and reference purposes only. Section mappings are based on publicly available drafts and circulars. Always consult a qualified Chartered Accountant before filing or making compliance decisions under the Direct Tax Code 2025.
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