Sec 269ss and 269t

The person accepting the loan or deposit and the lender, both should have agricultral income and it is further importnant to note that, both of them should not have any other income chargable to tax. In this case if lender has income from other source benefit of exemption is not available. So 269SS is applicable.

In section 269T i.e. for repayment, anyways there is no such exemption. Hence 269T is applicable.

thx but one thing if lender has only saing bank interet income then 269SS aplicable or not

thx but one thing if lender has only saing bank interet income then 269SS aplicable or not