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New sec 269st & & 271da inserted into income-tax act, 1961,

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(Querist)
20 April 2017 Need your views on below mentioned phrase used in the Finance Act, 2017 with regard to Sec 269 ST & 271 DA


What is meant by one person?


What is meant by one single day?


What is meant by one transaction? OR Occasion from a person ?

What are its effect with the transaction relating to Tenant Property while disposing off ( Selling by One tenant to Another tenant ). Where as Ownership of the Property lies with Land Lord.

Azim
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CA Gopal Somani

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CA Gopal Somani (Expert)
21 April 2017 Please check the below link, it provides good explanation -

https://www.taxmann.com/topstories/105010000000014299/section-269st-the-impact-analysis.aspx
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