269t
This query is : Resolved
14 September 2013
2nd proviso to section 269T states that provision of section 269T doesnt apply to any loan or deposit accepted "FROM" govt., govt. co., corporation established under Central/State or Provincial Act etc. Does it mean provision of section 269T is applicable to govt., govt co., corporation and insitution as may be notified by central govt., if loan/deposit is accepted "BY" them.
14 September 2013
Dear Jayesh,
Yes. Provisions of sec 269T are applicable to Government companies as well. But in reality if we see the repayment made by Govt. institutions, they pay only through banking modes.
Yes. Provisions of sec 269T are applicable to Government companies as well. But in reality if we see the repayment made by Govt. institutions, they pay only through banking modes.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Deemed Capital Gain
- Type of Capital Gain
- Exiting partner in partnership firm in gst portal
- TDS on property - Form 141 query
- F & O PROFIT REPORTING FOR AY 2026-27
- ITR-3 File/Error Found
- ASMT-10 received from A O
- Applicability of Books of Account for Commission Income (Sections 194D & 194H)
- TDS _Long term Capital Gain ref.sec 214 Table 2
- IT returns for fresh job holders
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
