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Home > Income Tax Act 2025 > Section-106Last Updated: Feb 14th 2025

Section-106 : Amount borrowed or repaid through negotiable instrument, hundi, etc

Learn to understand the section-106 as it is, it's help and useful links to follow.

Here onwards, "Act" refers to "Income Tax Act 2025"

New Income Tax Act 2025 Portal

1. Section-106 as per act

  1. Where any amount (including interest thereof) is borrowed or repaid through a negotiable instrument or a hundi, other than an account payee cheque, or through any mode as specified by the Board in this behalf, the amount so borrowed or repaid shall be deemed to be the income of the person borrowing or repaying, as the case maybe, for the tax year in which the amount was borrowed or repaid.
  2. Where the amount borrowed under sub-section (1) has been deemed to be the income of any person, such person shall not be liable to be assessed again in respect of such amount under that sub-section on repayment of such amount.

2. Help and useful links for Section-106

  1. Income Tax Help Center
  2. Income Tax Act 2025 Home
  3. Tax On Undisclosed Source of Income or Black Money
  4. Income Tax Help Center



How to get help from EZTax.in



Disclaimer: This article provides an overview and general guidance, not exhaustive for brevity. Please refer Income Tax Act, GST Act, Companies Act and other tax compliance acts, Rules, and Notifications for details.