Is provisions of sec 269SS applicable in case of payments received from a relative?
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269ss
Replies (6)
yes it's applicable when it's received as loan but exempted when received as gift
yes. applicable...
Yes. The provision of sec 269SS applicable to every person taking or accepting any loan or deposit exceeding Rs. 20000 weather It's personal or not....
Raja M its is not clear by your view that whether received from relative attracted 269Ss
every person includes relative
@ Sahil.,
It means....
Every person included relatives .....
It means....
Every person included relatives .....
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