Violation of sec 269 st
This query is : Resolved
17 August 2020
I.t.assess cash loan to debtor outstanding balance Rs:30,00,000/- as per books.
each rs: 1,50,000/-*20 different dates total rs:30,00,000/- through on cash mode received.
Doubt:
Assess above transaction violation of sec 269 St under I.t. act.
each rs: 1,50,000/-*20 different dates total rs:30,00,000/- through on cash mode received.
Doubt:
Assess above transaction violation of sec 269 St under I.t. act.
17 August 2020
Yes, it may be called a violation of Section 269ST. So it is advisable to avoid this kind of practice.
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