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Income Tax - 269SS

This query is : Resolved 
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(Querist)
06 August 2008 When we have received a sum exceeding Rs. 20000 by way of Cash towards advance of sale of material whether this will qualify for 269SS?

Whether disclosure is required under Tax audit report
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
07 August 2008 In my opinion this will not fall under section 269SS
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