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
Message likes :
1 times
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
- Refund of Rs.4,00,000/- pursuant to Appeal Order – Deceased Proprietor & Closed Bank Account
- EXEMPTION OF LONG TERM GAIN UNDER SECTION 54F
- GST applicability on Shipping charges
- Issuance of authorised capital by pvt ltd co
- TAX TREATMENT OF COMMODITY
- Patient expenses
- Processing delay
- Sale of old gold ornaments
- RCM PAYMENT OF APRIL 2025 NOT PAID IN YEAR AND NOW PAYING IN OCTOBER 2026 RETURN
- FOB freight
- Machinery taking back from repair work shop
- LLP audit under companies act
- Income tax return change regime form necessary or not?
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
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
