Caselaws against 269SS
This query is : Resolved
25 January 2024
Caselaws against 269SS for cash receipt of chit amounts
06 July 2024
Under Section 269SS of the Income Tax Act, 1961, any cash receipt exceeding Rs. 20,000 in aggregate from a person in a day, in respect of a single transaction or transactions relating to one event or occasion, is prohibited. If such receipts are made, they are subject to penalties unless specifically exempted under certain conditions.
Regarding chit amounts specifically, case law directly relating to Section 269SS and chit fund receipts is not readily available in my current resources. However, legal databases such as Manupatra, SCC Online, or the official website of the Income Tax Department may provide specific case law or judicial decisions that have interpreted this provision in relation to chit amounts. It's advisable to consult with a tax lawyer or a legal expert who can access these databases to provide you with the most relevant and updated information.
Regarding chit amounts specifically, case law directly relating to Section 269SS and chit fund receipts is not readily available in my current resources. However, legal databases such as Manupatra, SCC Online, or the official website of the Income Tax Department may provide specific case law or judicial decisions that have interpreted this provision in relation to chit amounts. It's advisable to consult with a tax lawyer or a legal expert who can access these databases to provide you with the most relevant and updated information.
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
- Post Office RD Interest
- Building and other construction workers welfare cess act 1996
- Bank Accounts in Balance Sheet for ITR 3
- ITR validation error - Balance sheet is not filled
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Annual return of gst limit
- Form 10BD Filling
- Eway bill for machinery reparing
- TDS ON CASH WITHDRAWALS...
- Query regarding TDS on EPFO Higher Pension Arrears*
- Change the gender in the registration of icai
- Lift replacement entries in housing society
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
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
