Sec 269 SS applicable for money lending business
This query is : Resolved
Kollipara Sundaraiah
(Querist)
23 April 2021
Sec 44ad it return filed money lending business person above rs:20,000/- money through on cash mode to customers sec 269 SS applicable in it act.
CA R SEETHARAMAN
(Expert)
23 April 2021
Yes, the provisions of Section 269SS are applicable to every person taking or accepting any loan or deposit exceeding Rs. 20000 whether it's personal or not.
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