Rent advance
This query is : Resolved
27 June 2019
Dear Experts
Whether Rent advance received in cash in excess of Rs 20,000 will attract Section 269SS
Whether Rent advance received in cash in excess of Rs 20,000 will attract Section 269SS
28 June 2019
Yes, rental advance is considered as deposits.
Section 269SS prohibits a taxpayer from taking/accepting loans or deposits or a sum of more than Rs.20,000 in cash. All loans and deposits of more than Rs.20,000 must always be taken through a banking channel.
Section 269SS prohibits a taxpayer from taking/accepting loans or deposits or a sum of more than Rs.20,000 in cash. All loans and deposits of more than Rs.20,000 must always be taken through a banking channel.
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
- TWO FIRM NAME IN ONE GST NUMBER
- ITR -1 Filing
- Section 54 f disallowed will be taxed at what rate
- Transportation of Petrol, Diesel by GTA and Other than GTA
- Transfer of Rectification Rights to the Jurisdictional Assessing Officer
- Form 16 Issues
- Trust 10AB form required for old asst. years?
- TDS whether applicable or not in case of Flat purchase
- SEA GOING ALLOWANCE
- Eway issued more than one
- Section 12A(1)AC
- Interest will be paid
- CHANGE IN PARTICULARS OF DIRECTOR
- How to rectify gstr1 credit note
- Non- payment of GST on supply of services- reg
- Accumulated surplus exceeding 15%
- Different GST Number MEESHO
- Fees amount transfer procedure for two doctors
- Notice u/s 148 of IT Act
- Gst1A within time, will the customer get corrected ITC set off?
Trending Online Classes
CAclubindia
