If an assessee has taken cash loan of rs more than 20000 then sec. 69D is applicable or not, in the hand of receiver??
if not, in which section addition can be made?
Menu
Cash loan taken above rs 20000
Replies (4)
Check Section 68 and 69A
Sec 269ss will be applicable
Loan above 20000/- will attract 100% penalty.
Iif you receive any loan exceeding 20000 in cash ,
then penalty will be levied of equal amount of loan
then penalty will be levied of equal amount of loan
Recent Threads
- Standard deduction for family pensioners
- Concerning tax savings or understanding the long-t
- F&O losses
- Is form 10 IE needed in this case?
- TDS on purchase of property more than 50 lakhs
- Withdrawal from post NSS
- Section 10(11) or 10(12) of exempted income
- New income tax act
- Duplication of Interest on SCSS deposits in postof
- Declaration of foreign investment
Related Threads
CAclubindia
