loans ACCEPTANCE
This query is : Resolved
02 July 2008
if a person accepts loan in cash in this manner
1/4/07 15900
20/4/07 15800
3/9/07 15800
then whether he is liable u/s 269S & 269T IF IT IS
(A) AUDIT FIRM
(B) NON AUDIT FIRM
If that firm comes U/S 44AD or 44AF or 44AE?
what is the penalty for violating sec 269ss or 269T
1/4/07 15900
20/4/07 15800
3/9/07 15800
then whether he is liable u/s 269S & 269T IF IT IS
(A) AUDIT FIRM
(B) NON AUDIT FIRM
If that firm comes U/S 44AD or 44AF or 44AE?
what is the penalty for violating sec 269ss or 269T
CA Anand Sarda
(Expert)
02 July 2008
Whether it is audit firm or not, he is liable u/s.269 SS and 269 T.
In your case, he will be liable. the amount 20000 is for the year( provided he has taken the amount from same person). If the amount is received from different persons, then he will not be liable.
In your case, he will be liable. the amount 20000 is for the year( provided he has taken the amount from same person). If the amount is received from different persons, then he will not be liable.
CA Rajesh S
(Expert)
02 July 2008
I agree with Mr Anand
02 July 2008
if a person accepts loan in cash in this manner
1/4/07 15900
20/4/07 15800
3/9/07 15800
then whether he is liable u/s 269S & 269T IF IT IS
(A) AUDIT FIRM
(B) NON AUDIT FIRM
If that firm comes U/S 44AD or 44AF or 44AE?
what is the penalty for violating sec 269ss or 269T
1/4/07 15900
20/4/07 15800
3/9/07 15800
then whether he is liable u/s 269S & 269T IF IT IS
(A) AUDIT FIRM
(B) NON AUDIT FIRM
If that firm comes U/S 44AD or 44AF or 44AE?
what is the penalty for violating sec 269ss or 269T
Late CA Sampat Jain
(Expert)
03 July 2008
ALREADY ANSWRED
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Capital Gail Exemption Certificate
- Taxation of crypto futures in India Fy 2026- 2027
- Transfer of Physical Stock Between Two Proprietorship Concerns
- MSME disclosure and disallowance
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- EPF ECR NEW RULES Sep 17th 2026
- Accounting treatment of AMC alongwith the purchase of Laptop
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
