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Finance firm

This query is : Resolved 
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(Querist)
29 December 2014 a partnership finance firm registered under partnership act finance...gives money to public on daily ,monthly basis on interest 1 firm gives cash more than 20,000 to person on interest and he repay on daily basis as intalment fix my query is that section 269ss under income tax applied on it or not
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Rupesh Jain

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Rupesh Jain (Expert)
29 December 2014 yes prov. of 269SS and 269T will be applicable .
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