Loan from members of charitable institution
This query is : Resolved
Lakshmypriya T.G
(Querist)
24 June 2013
Is there any exemption U/S 269SS & T, in Accepting or repaying loan from members of a charitable institution by way of cash.
Guest
Guest
(Expert)
24 June 2013
No, these provisions are applicable.
As they applicable to all persons.
The exceptions speicified under the section 269 SS, does not specifically exempt trust.
As they applicable to all persons.
The exceptions speicified under the section 269 SS, does not specifically exempt trust.
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Lakshmypriya T.G
(Querist)
24 June 2013
loan is accepted from its own trust members itself, then also is that section applicable?
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