Loans accepted by person hvng salary,& 269ss n t
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 March 2012
i get salary and i have taken 2 loans from my friends ie Rs.75,000/- and Rs.18,000/- in cash for repairs to my house.
am i liable for any penalty .ofcourse i am not doing any business.
kindly advise.
am i liable for any penalty .ofcourse i am not doing any business.
kindly advise.
03 March 2012
Section 269ss/t applies to all. so you are also liable to it for the loan take of Rs.75,000/-.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
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