Repayment of loan in cash
This query is : Resolved
25 May 2011
what are the provisions in IT Act attracts for repayment of Loans by a co to other person in cash. Loan balance is more than 20000.
Sec 269T mentions only Deposits, that means lOan is not covered??
Sec 269T mentions only Deposits, that means lOan is not covered??
25 May 2011
269T applicable for Loans as well..
269T - "Mode of repayment of certain loans or deposits"
269T - "Mode of repayment of certain loans or deposits"
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25 May 2011
Wats the diff between 269 S and SS ??
25 May 2011
I think you are asking the difference between 269T & 269SS.
269SS - is related to TAKING of loans/deposits
269T- is related to REPAYMENT
269SS - is related to TAKING of loans/deposits
269T- is related to REPAYMENT
25 May 2011
no, dif between S & SS?
25 May 2011
269 S is ceased to operate w .e.f 30/09/1986.
However, that was a section excluding the state of Jammu & Kashmir from certain provisions regarding the compliance of "acquisition of immovable properties in certain cases of transfer to counter evasion of tax".
However, that was a section excluding the state of Jammu & Kashmir from certain provisions regarding the compliance of "acquisition of immovable properties in certain cases of transfer to counter evasion of tax".
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