Sec 269SS and 269T of I T Act
This query is : Resolved
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07 June 2020
In case loan given by Mr. Dead to a Partnership Firm is transferred to his son in the books of borrower as per will of Mr. Dead - whether sec 269SS and 269T are attracted?
07 June 2020
Not attracted as the transaction is not of cash or bank.
07 June 2020
BUT AS A LEGAL HEIR, HE/SHE CAN THE RIGHT TO CLAIM THE MONEY
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