Contravention of sec 269t and 269ss
This query is : Resolved
26 February 2012
When a person is deemed to contravene the provision of Sec 269T and 269SS?
Brief idea will be sufficient?
Thanks in Advance.
Brief idea will be sufficient?
Thanks in Advance.
26 February 2012
269T is violated if the amount of loan or deposit together with interest,if any, of Rs.20,000/- or more is repaid in cash.
Similarly,269SS is violated if loan or deposit of Rs.20,000/- or more is accepted in cash.
Similarly,269SS is violated if loan or deposit of Rs.20,000/- or more is accepted in cash.
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