TAX AUDIT REPORTING U/S 269SS AND 269T
This query is : Resolved
02 September 2023
Whether addition in unsecured loan amount due to credit of interest and deduction due to TDS deduction need to be reported U/s 269SS and 269T, as acceptance of loan and repayment of loan
02 September 2023
No, since there is no movement of money, section 269SS and 269T are not applicable for book-entry transactions.
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