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Applicability of Section 269SS of I. T Act 1961
whether provision of section 269SS is applicable on amount received from customer as sale consideration?
Replies (5)
No. It is not applicable. It is only applicable for Loans,Deposits or any specified sum. However you have to comply with provision 269ST.
If received in advance then yes
It is applicable on loans, deposits and other sums
Advance receipt of sale consideration of immovable property is covered under this section.
,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.
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.
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