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Section 269ss & 269t

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 August 2013 WHAT ARE THE CONSEQUENCES IF THE ASSESSEE HAD ACCEPTED AN AMOUNT IN CASH EXCEEDING 20000/-(SINGLE OR AGGREGATE) AND REPAID IN CASH EXCEEDING 20000/-(SINGLE OR AGGREGATE) IN AN YEAR.
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CA UMESH DULAL

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CA UMESH DULAL (Expert)
13 August 2013 penalty equal to the amount of loan taken as well as loan repaid
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
14 August 2013 penalty is equal amount paid or received in cash.
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