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[Cites 0, Cited by 0] [Section 188] [Entire Act]

Union of India - Subsection

Section 188(3) in The Income Tax Act, 2025

(3)Sub-section (1) shall not apply to repayment of any loan, deposit, or specified advance taken or accepted from—
(a)Government;
(b)any banking company, post office savings bank, or co-operative bank;
(c)any corporation established by a Central, State, or Provincial Act;
(d)any Government company as defined in section 2(45) of the Companies Act, 2013;
(e)any institution, association, or body or class of institutions, associations or bodies notified by the Central Government.