Section 269 ss

This query is : Resolved 

12 March 2015 if we take loan or accept deposit, this transaction attract sec. 269ss but if we give loan or advances to others, is this transaction also attract sec. 269ss?

12 March 2015 https://taxguru.in/income-tax/provisions-of-section-269ss-and-269t-under-income-tax-act.html

refer the link for full explaination

12 March 2015 https://www.caclubindia.com/experts/penalty-about-given-loan-more-than-20000-in-cash-1967289.asp

Check out from reply given at above link.


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