banner_ad

Applicability of Section 269SS of I. T Act 1961

319 views 5 replies
User Avatar

AUDIT MANAGER
97 Points Joined March 2020
whether provision of section 269SS is applicable on amount received from customer as sale consideration?
0 Reply Share Follow
On 09 June 2021 at 18:07 Report
Replies (5)
User Avatar

article Assistant
1644 Points Joined July 2016
No. It is not applicable. It is only applicable for Loans,Deposits or any specified sum. However you have to comply with provision 269ST.
Reply
On 09 June 2021 at 18:33
User Avatar

tax consultant
3306 Points Joined October 2018
If received in advance then yes
Reply
On 09 June 2021 at 19:24
User Avatar

Chartered Accountant
24588 Points Joined November 2019
It is applicable on loans, deposits and other sums
Reply
On 09 June 2021 at 20:50
User Avatar

article Assistant
1644 Points Joined July 2016
Advance receipt of sale consideration of immovable property is covered under this section.
Reply
On 09 June 2021 at 21:26
User Avatar

Profession Business
28196 Points Joined May 2017
,Read the provisions of Sec 269 ST.
YOU can deposit the money's received from customer but subject to the provisions of Sec 269 ST.
ITS APPLICABLE .
THE SAME HAS ALSO BEEN EXTENDED FOR REPAYMENT OF LOAN.
PER DAY TRANSACTION HAS BEEN RESTRICTED.
Reply
On 09 June 2021 at 21:56

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details