Applicability of 269 ss and t

This query is : Resolved 

05 June 2015 dear sir I want to know about section 269ss and t of accepting and repayment of deposit in cash, whether it also applies to NBFC or not?

05 June 2015 https://taxguru.in/income-tax/advance-cash-property-covered-section-269ss-269t.html

09 June 2015 yes it is applicable to nbfc also.

now you cannot buy the immovable property in cash exceeds rs.20000/-


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