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Accept more than rs. 20,000

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(Querist)
16 May 2015 SUPPOSE,IF ASSESSEE ACCEPT PAYMENT IN CASH OF RS 25000 (MORE THAN RS. 20000) THEN IS ASSESSEE LIABLE FOR ANY PENALTY ?
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
16 May 2015 if its for loan purpose then yes sec 269ss and later sec 269t shall be applicable.
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