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Section 269SS

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12 September 2009 If a pvt. ltd. paid exp. by credit card exceeding rs. 20000 on behalf of subsidiary pvt. ltd. and subsidiary pvt. ltd. company considered as a unsecured loan such payment. In such case, under section 269SS for tax audit purpose, what will be treatment ?

12 September 2009 IT IS A LOAN ACCEPTED OTHERWISE THAN A/C PAYEE CHEQUE



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