Is 269SS applicable for Bank transactions done on behalf of spouse

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Shweta (Querist)
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07 February 2023 Mr A and Mrs A are husband and wife. Mr A and Mrs A purchased a house property in February for Rs 50 Lakhs. Rs 20 Lakhs were paid by Mr A from his bank account to seller, property dealer, stamp duty etc.
Mrs A sold some shares in June for Rs 50 Lakhs.
She repaid Rs 21 Lakhs to Mr A along with reasonable rate of interest (considering his initial contribution as loan).
Query Can the funding / payments done by Mr A on behalf of Mrs A for the purchase of house property fall under section 269SS. All the payments by Mr A were done thru proper banking channels on behalf of Mrs A and later refunded through her Bank Account to Mr A bank account along with interest.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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07 February 2023 269SS not applicable as it's banking channel payment.

Shweta

Shweta (Querist)
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07 February 2023 Thanks for your prompt response.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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07 February 2023 You are welcome.....
..

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Is 269SS applicable for Bank transactions done on behalf of spouse

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