Cash loans amount sec 68 and sec 115 bbe provision applicable

it assessess cash loans rs:19,000/- from different 40 persons (un secured loans) amount received.
question:
sec 68 and sec 115 bbe both provisions applicable in it act
Replies (2)
Quick Summary
This discussion examines whether both Section 68 and Section 115BBE of the Income Tax Act apply to cash loans. Specifically, it questions the tax treatment of receiving £19,000 from 40 different individuals, totalling £760,000. The core issue is understanding the combined impact of these two sections on such transactions.

Only 19000 from 40 people or 19000 from each one of the 40 people?

Each person rs:19,000/- *40 different persons amount received

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
25 August 2026
Senior Accountant

MG Associates

New Delhi

CA Inter

View Details
Company
28 August 2026
Audit Manager

K A R M & CO

Mumbai

CMA

View Details
Company
13 August 2026
Chartered Accountant (FP&A)

Client of Trellis Consulting

Gurgaon

CA

View Details
Company
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER

Anupam Parashar & Co.

Ghaziabad

CA Final

View Details
Company
ARTICLESHIP 04 September 2026
Accounts Executive

Hema Yashwanth & Associates

Chennai

B.Com

View Details
Company
ARTICLESHIP 26 August 2026
Article Assistant

ANIVESH CONSULTANTS LLP

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 01 September 2026
Articles

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Foundation

View Details
Company
ARTICLESHIP 24 August 2026
Chartered Accountant Articles

Rohit KC Jain & Co

New Delhi

CA Inter

View Details