Penalty u/s 271 d
This query is : Resolved
27 January 2014
A takes loan from B of Rs. 1 lakh in CASH on 15-01-2014 and repay the same in CASH on 22-01-2014.
Who is liable to pay penalty u/s 271 D ?
Who is liable to pay penalty u/s 271 D ?
27 January 2014
A is liable for penalty u/s 271D.
28 January 2014
In above case if A takes loan by cheque and repay the same by cash to B, then B is liable to penalty or not?
28 January 2014
B has not taken/repaid loan, therefore he is not liable for penalty.
29 January 2014
Ok Thanks.
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
- GSTR-1A How to update Invoice
- Excess salary payment.
- TDS on Purchase of Immovable Property by NRI from NRI
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Capital gain from sale of house property
- Stamp Paper for partnership firm change new income tax 2025
- SFT Cash Deposit in Current Account
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- Annual return in Gst
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
