Reporting u/s 269 ss and 269 t

This query is : Resolved 

12 July 2011 According to section 269ss and 269T loan or deposit taken or repaid over and above 20000/- rs. should not be made otherwise account payee cheque or DD. My question is whether loan repaid below the specified limit requires reporting under 3CD? If one party has made repayment of rs. 7500/- during previous year, should it be reported in 3cd??? Similary in case of 269SS, whether loan taken below rs.20000/- should be reported???

12 July 2011 Loan below the limit need not be reported in clause 24(a) and (b) of 3CD.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Meet our CAclubindia PRO Members


Follow us


Answer Query