269ss and 269t

This query is : Resolved 

11 May 2015 dear
please confirm me to section 269ss applicable or not the following case

1. mr. x received cash loans from my y rs 19000/- f.y. 2014-15 and
2. mr. x received cash loans from my z rs 18000/- f.y. 2014-15 and
3. mr. x received cash loans from my a rs 19500/- f.y. 2014-15

mx x received 3 different parties cash deposit - 269ss apply or not

total o/s balance of mr. x deposit is more than rs. 20000/- but each parties less than rs. 20000/- 269ss applicable to parties or not

thanks

11 May 2015 As the loan received from each party does nor exceed Rs 20000, 269ss will not apply.


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