banner_ad

Section 269SS and 269T

This query is : Resolved 
Profile Image

Profile Image

(Querist)
12 September 2009 With modernisation of banking, what is the position of the following transactions reading 6DD and 269SS and 269T:-
1) Payment of expenses of over Rs.20,000 by Credit Card, NEFT or RTGS or electronic transfer in same bank.
2) Acceptance of Loan above 20000 by NEFT or RTGS or electronic transfer in same bank.
3) Repayment of Loan above 20000 by NEFT or RTGS or Electronic Transfer in same bank.

Are the NEFT / RTGS / Transfer considered as account payee transactions. Banks like ICICI call them E Checks.

Question of taking third party loan or repayment of third party loan by credit card does not arise and therefore not mentioned in 2 and 3 above.
Profile Image

Rajeev

Profile Image

Rajeev (Expert)
18 September 2009 online transfer are account payee transcations , so no issues there i think .
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details