Section 269ss and 269t of it act

Hi ,  Reading the below lines from form 3CD, we can draw out the infernces that only loans in excess of limit to be reported :

Particulars of each loan or deposit in an amount 

exceeding the limit specified in section 269SS taken or 

accepted during the previous year :— 

  (i)  name, address and permanent account number (if 

available with the assessee) of the lender or 

depositor; 

  (ii)  amount of loan or deposit taken or accepted; 

  (iii)  whether the loan or deposit was squared up during the 

previous year; 

  (iv)  maximum amount outstanding in the account at any 

time during the previous year; 

  (v)  whether the loan or deposit was taken or accepted 

otherwise than by an account payee cheque or an 

account payee bank draft. 

 *(These particulars need not be given in the case of a 

Government company, a banking company or a 

corporation established by a Central, State or Provincial 

Act.) 

  (b) Particulars of each repayment of loan or deposit in an 

amount exceeding the limit specified in section 269T 

made during the previous year :— [ITR62;3CD,1]<1> 

Printed From 

  (i)  name, address and permanent account number (if 

available with the assessee) of the payee; 

  (ii)  amount of the repayment; 

  (iii)  maximum amount outstanding in the account at 

any time during the previous year; 

  (iv)  whether the repayment was made otherwise than 

by account payee cheque or account pay