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Section 269su


W.E.F.01.11.19 NEW SECTION 369SU INSERTED IN INCOME TAX. AS" REQUIRED TO PROVIDE FACILITY FOR ACCEPTING PAYMENT THROUGH PRESCRIBED ELECTRONICS MODE OF PAYMENTS & FAILS TO PROVIDE SUCH FACILITY HE SHALL BE LIABLE TO PAY PENALTY PER DAY RS.5000/- PER DAY." IN THIS REGARD MY QUERY IS - THIS SECTION FOR ACCEPTING PAYMENT OR BOTH FOR ACCEPTING PAYMENT & PAYING PAYMENT. NOW MOSTLY WE ARE PAYING OUR PAYMENT BY CHEQUE. CAN THIS SAID SECTION ATTRACT FOR PAYMENT ALSO. YOU ARE REQUESTED TO SOLVE MY QUERY. .
THIS MATTER IS URGENT PLEASE GUIDE




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