CCI Online Learning
What do you want to learn today?

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Amount Received

This query is : Resolved 

That assessee is engaged in Trading of Food grains( adat Business).during the year assessee had received more than 20000/- from his brother several times, who is also engaged in adat Business, and repaid more than 20000/- several times to his brother, and at the end of the year account has been squared up. whether section 269SS Apply or not if not , please clarify with Reason

Treat the payments as gifts 269SS not applicable.

You need to be the querist or approved CAclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Trending Tags
GST Live Class    |    x