sec 269 SS

This query is : Resolved

R K BINDLISH (Querist)
Follow

30 October 2009 MR A HAS TAKEN A LOAN FROM MR Y . BOTH HAVE BANK ACCOUNT IN THE SAME BANK. LOAN AMOUNT IS TRANSFERED FROM THE BANK ACCOUNT OF Y TO THE BANK ACCOUNT OF A. NO CHEQUE WAS ISSUED BY Y FOR THIS TRF. AMOUNT WAS TRF THROUGH INSTRUCTIONS TO BANK BY Y THROUGH A LETTER FOR SUCH TRF.IS IT A VIOLATION OF SEC 269 SS FOR MR A BECAUSE HE HAS ACCEPTED THE LOAN WITHOUT ACCOUNT PAYEE CHEQUE.PL ANSWER WITH MATERIAL

Kapil Arora

Kapil Arora (Expert)
Follow

30 October 2009 Dear,,
I would like to confirm that if trff amount by an account payee cheque that is use of nego instr,,,,so this is also a negt instrument that we say can hundi,,,,,

CA CHINTAN AJMERA

CA CHINTAN AJMERA (Expert)
Follow

30 October 2009 This is not violation of section 269ss.

Rahul Vora

Rahul Vora (Expert)
Follow

31 October 2009 I don't think this is a violation of SEction 269SS. Basic requirement is that it must have been routed thru' bank where the payer and payee are properly identifiable.

CA. Gurdeep Singh Chawla

CA. Gurdeep Singh Chawla (Expert)
Follow

31 October 2009 No violation of Section 269SS

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

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Rasheed Mohd Abdul

BABUSHANKAR BASAPPA

jagadheswar goud

S J MITRA

Anurag Sharma

Subscribe Now

sec 269 SS

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA