Cash transaction
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 December 2013
a husband gives rs 20 lakhs in cash to his wife in her books of account.
what will be the tax implications of the above transaction?
or any other important issue related to the topic?
please notify
what will be the tax implications of the above transaction?
or any other important issue related to the topic?
please notify
11 December 2013
if loan is given in cash then sec 269SS and 269T resp will be attracted in this case and penalty of equivalent amounts will be imposed.
CA PARAS BAFNA
(Expert)
11 December 2013
From the query it can not be understood that why it is important to know you ?
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