Mode of undertaking transactions
Section 269ST of the Income-tax Act, 1961 deals with mode of undertaking transactions. No person shall receive an amount of two lakh rupees or more— (a) in aggregate from a person in a day; The Act came into force on 01 Apr 1962. Repealed by the Income-tax Act, 2025 with effect from 1 April 2026, but conduct before that date is still charged, tried and appealed under it.
No person shall receive an amount of two lakh rupees or more—
(a) in aggregate from a person in a day; or (b) in respect of a single transaction; or (c) in respect of transactions relating to one event or occasion from a person, otherwise than by an account payee cheque or an account payee bank draft or use of electronic clearing system through a bank account or through such other electronic mode as may be prescribed:
Provided that the provisions of this section shall not apply to—
(i) any receipt by—
(a) Government;
(b) any banking company, post office savings bank or co-operative bank;
(ii) transactions of the nature referred to in section 269SS;
(iii) such other persons or class of persons or receipts, which the Central Government may, by notification in the Official Gazette, specify.
Explanation.—For the purposes of this section,—
(a) "banking company" shall have the same meaning as assigned to it in clause (i) of the Explanation to section 269SS;
(b) "co-operative bank" shall have the same meaning as assigned to it in clause (ii) of the Explanation to section 269SS.
Acceptance of payment through prescribed electronic modes.
Section 269ST, The Income-tax Act, 1961 (Act 43 of 1961).
Now in the Income-tax Act
INCOME-TAX-ACT-2025 186 Mode of undertaking transactions Official correspondence
Measured by comparing the text of the two provisions, not taken from an official correspondence table — there is no machine-readable one. See both texts side by side before relying on it.
Both regimes are live. The repealed enactment still governs what happened while it was in force. We never redirect one to the other.
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
This section refers to
Referred to by 4
- Finance Act, 2019 (No. 2) s. 59 Amendment of section 269ST
- Finance Act, 2019 (No. 2) s. 60 Insertion of new section 269SU
- s. 271DA Penalty for failure to comply with provisions of section 269ST
- Income-tax Rules s. 6ABB Form of report for claiming deduction under clause (xi) of sub-section (1) of section 36
Questions about Section 269ST
What does Section 269ST of the Income-tax Act deal with?
Section 269ST of the Income-tax Act is headed "Mode of undertaking transactions". No person shall receive an amount of two lakh rupees or more— (a) in aggregate from a person in a day;
How do I find court cases under Section 269ST of the Income-tax 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: Income Tax Act 269ST, section 269ST Income Tax Act, section 269ST of the Income-tax 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 269ST of the Income-tax Act, and has it changed?
Its own text turns on section 269SS (Mode of taking or accepting certain loans, deposits and specified sum), so none of them can safely be read on its own. 4 other provisions in this corpus refer back to it. For anything done on or after 1 April 2026 the provision to read is Income-tax Act, 2025, section 186 (Mode of undertaking transactions), which replaced it; conduct before that date is still charged, tried and appealed under this section.
When did Section 269ST of the Income-tax Act come into force?
Section 269ST of the Income-tax Act, cited as Income Tax Act 269ST, came into force on 01 Apr 1962, having been enacted on 13 Sep 1961. It is no longer in force.
Other sections of this Act
- 10. Incomes not included in total income30885 words
- 2. Definitions11419 words
- 80HHF. Deduction in respect of profits and gains from export or transfer of film software, etc7148 words
- 80-IB. Deduction in respect of profits and gains from certain industrial undertakings other than infrastructure development undertakings5474 words
- 155. Other amendments5451 words
- 139. Return of income5400 words
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. Recovered from the consolidated text published by the Income Tax Department, as amended by the Finance Act, 2026. India Code holds no record of this Act in any form. This page is not a substitute for legal advice.