Dear Sir
As per Income Tax Act 1961 Please Tell Deposit Meaning
My Doubt is
1) Advance Taken from Customer (for Supply of Goods etc.,)
2.) Advance Taken (against Property Sale)
the above two points are attract 269SS and 269T
Please Tell its Urgent
Thanks in Advance
these transactions do not attract sec 269SS and 269T.
however it is advised that if it involves amt of more than 20000, then do transaction through cheque.
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CAclubindia
