HELLO FRIENDS, PLS. TELL ME IF INTEREST IS PROVIDED BY BOOK ENTRY ON DEPOSITORS DURING THE PREVIOUS YEAR AND NO FRESH DEPOSITS ARE ACCEPTED
PLS. TELL ME WHETHER IT HAS TO BE REPORTED U/S 269SS OR NOT.
PLS. HELP ME.
THANKS.
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Interest paid u/s 269ss
Replies (1)
FRIENDS SECTION 269SS APPLIES WHERE LOAN OR DEPOSIT ACCEPTED OR TAKEN OTHERWISE THAN ACCOUNTPAYEE CHEQUE EXCEEDS RS.20,000/- HAVE TO BE REPORTED UNDER SAME SECTION.
SO SAME SECTION WILL NOT APPLY TO YOUR QUERRY.
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