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Section69
The Finance Act, 2015

Amendment of section 269T

In force Act 20 of 2015 As on 10 Oct 2026

Act 20 of 2015 Ministry Finance

Section 69 of the Finance Act, 2015 deals with amendment of section 269T. Amendment of section 269T. 69. In section 269T of the Income-tax Act, with effect from the 1st day of June, 2015,— (A) | in the opening portion— (a) | after the words "repay any loan or deposit made with it", the words "or any specified advance received by it" shall be inserted;

Amendment of section 269T.

69. In section 269T of the Income-tax Act, with effect from the 1st day of June, 2015,—

(A)in the opening portion—
(a)after the words "repay any loan or deposit made with it", the words "or any specified advance received by it" shall be inserted;
(b)after the words "made the loan or deposit", the words "or paid the specified advance," shall be inserted;
(B)in clause (a), after the words "loan or deposit", the words "or specified advance" shall be inserted;
(C)in clause (b), the word "or" shall be inserted at the end;
(D)after clause (b)and before the long line, the following clause shall be inserted, namely:—
"(c)the aggregate amount of the specified advances received by such person either in his own name or jointly with any other person on the date of such repayment together with the interest, if any, payable on such specified advances,";
(E)in the second proviso, after the words "any loan or deposit", the words "or specified advance" shall be inserted;
(F)in the Explanation, after clause (iii), the following clause shall be inserted, namely:—
'(iv)"specified advance" means any sum of money in the nature of advance, by whatever name called, in relation to transfer of an immovable property, whether or not the transfer takes place.'.
Section 69, The Finance Act, 2015 (Act 20 of 2015).

Cross-references

Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

This section refers to

  1. Income-tax Act s. 269T Mode of repayment of certain loans or deposits

Questions about Section 69

What does Section 69 of the Finance Act deal with?

Section 69 of the Finance Act is headed "Amendment of section 269T". Amendment of section 269T. 69. In section 269T of the Income-tax Act, with effect from the 1st day of June, 2015,— (A) | in the opening portion— (a) | after the words "repay any loan or deposit made with it", the words "or any specified advance received by it" shall be inserted;

How do I find court cases under Section 69 of the Finance Act?

In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Finance Act 2015 69, section 69 Finance Act 2015, section 69 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.

What should I read with Section 69 of the Finance Act, and has it changed?

Its own text turns on Income-tax Act 269T (Mode of repayment of certain loans or deposits), so none of them can safely be read on its own.

When was the Finance Act enacted?

Finance Act was enacted in 2015 as Act 20 of 2015. India Code records no commencement date for it. It is in force as at the date shown on this page.

Other sections of this Act

Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Harvested from the Income Tax Department's own portal at incometaxindia.gov.in, which publishes the Finance Acts section by section. India Code carries none of them: its Central community holds the Acts that stand as general law, and a Finance Act is an amending and rate-fixing instrument. This page is not a substitute for legal advice.