269 under income tax act

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afd
134 Points Posted on 15 September 2018
taken cash from mother under income tax more than 20000 is liable for penalty u/s 269 ????
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On 15 September 2018 at 00:07 Report
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Accountant
3479 Points Posted on 15 September 2018
Yes, section 269SS will applicable
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On 15 September 2018 at 08:56
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SEO Sai Gr. Hosp.
212489 Points Posted on 15 September 2018

If its gift....... section 269SS not applicable. 

& hence not liable for any penalty if it is below 2 lakhs rupees (u/s. 269ST of IT act).....

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On 15 September 2018 at 10:56
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Accountant
3479 Points Posted on 15 September 2018
Agree with Mr. Dhirajlal Rambhia Sir
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On 15 September 2018 at 11:01

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