Applicability of section 269ss and 269t
This query is : Resolved
21 June 2012
A company give a unsecured loan of Rs.180000 to one of director.kindly tell me whether it attract section 269SS and 269T.
21 June 2012
Section 269SS & Section 269T are applicable in the hands of the BORROWER and NOT in the hands of the lender.
Section 269SS prohibits accepting loan in cash exceeding Rs. 20,000.
Section 269T prohibits repayment of loan in cash exceeding Rs. 20,000.
Section 269SS prohibits accepting loan in cash exceeding Rs. 20,000.
Section 269T prohibits repayment of loan in cash exceeding Rs. 20,000.
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
- Off Market debit and credit transaction
- Itr 1 processing
- Showing Gift from relative in ITR for this year
- Reporting Income under Section 44ADA
- ITR returnFY25-26
- ITR selection for salaries and capital gain less than L
- Share accounting-->fifo - capital gain - period as per fifo?
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR 2 Short Term gain & Long term gain
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
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
