A person takes cash loan of Rs. 25,000 in may 2017 and mr. X and repays the entire amount by cash within the same F.Y. which one is true?
1. provisions of 269SS are violated to the extent of Rs. 50,000.
2. provisions of 269SS are violated to the extent of Rs. 25,000.
3. provisions of 269SS and 269ST both are violated to the extent of Rs. 50,000.
4. provisions of 269SS and 269ST both are violated to the extent of Rs. 25,000.
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269SS and 269ST
Replies (4)
Read the exceptions of the law.
25000 is penalty
Provisions of 269SS and 269T both are violated to the extent of Rs. 25,000.
Ok thank you everyone
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