Respected CCI Members,
Kindly Clarify Following Doubt.
In Cooperative Bank,one customer repay his loan in Cash which exceeds Rs.2,00,000.
The Cooperative Bank Is Liable to 44AB in financial year 2016 2017.
Is that Cooperative Bank File Form 61A For Receipt of Cash Payments Exceeding Two Lakhs?
Thanks,
Dhebek.M.N
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Compliance with SFT 13 by Banks
Replies (3)
"Is that Cooperative Bank File Form 61A For Receipt of Cash Payments Exceeding Two Lakhs?"
Not under 'SFT 013' as it is not sale of goods or service; but
under "SFT004 & SFT 014" :: Cash deposit in account other than current account
Thank You Sir.Already they Need to File SFT 03, SFT 04 and SFT 05.
They Have Already Filed SFT 14 in January
They Have Already Filed SFT 14 in January
Thank you sir
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