sec 269 ss and 269 t
This query is : Resolved
09 December 2008
what are the implications of non compliance of sec 269 ss and 269t
10 December 2008
Failure to comply with the provisions of section 269SS attracts penalty u/s 271D. Penalty leviable is a sum equal to the amount of loan or deposit taken or accepted.
Violation of 269T also attracts penalty u/s 271E. Penalty amount is equal amount of loan/deposit so repaid.
Violation of 269T also attracts penalty u/s 271E. Penalty amount is equal amount of loan/deposit so repaid.
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