Sec.269SS & Sec.269T
This query is : Resolved
Aranya Dey
(Querist)
22 December 2008
Plz. anybody answer in brief:-
1)What is told in Sec.269SS?
2)What is told in Sec.269T?
1)What is told in Sec.269SS?
2)What is told in Sec.269T?
CA Parvin Ahuja
(Expert)
22 December 2008
As per section 269SS of the income tax act,1961 no person is allowed to take any loan or deposit exceeding Rs.20,000/- otherwise than by way of account payee cheque or draft. If any amount is already taken as loan or deposit from the same person and the total amount including present loan or deposit is going to exceed the same is prohibited.
As per section 269T no loan or deposit can be repaid otherwise than by way of account payee cheque or draft if the total outstanding in the account or the amount to be repaid is Rs.20,000/- or more.
As per section 269T no loan or deposit can be repaid otherwise than by way of account payee cheque or draft if the total outstanding in the account or the amount to be repaid is Rs.20,000/- or more.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Reward for festival
- Capital gain on commercial property and investment in residential property
- Import of Capital Machine
- ARCA LOGIN
- Rectification under processing even after 6 months cpc portal
- Gift to nri relatives resides in usa
- RCM and same line
- Closer of business and itc of capital goods
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
