whether loan in kind will be covered u/s 269ss supported by case law
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Loan can be in kind or in the form of cash (monetary or non monetary) i dont think it is to be supported by a case law and all.....
NO LOAN AND DEPOST ONLY IN CASH ARE COVERED HERE BUT YOU MUST BE CAUTIOUS WHEN REPAYMENT IS DONE IT MUST NOT BE IN CASH
| Originally posted by : NIMIT MEHTA | ||
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NO LOAN AND DEPOST ONLY IN CASH ARE COVERED HERE BUT YOU MUST BE CAUTIOUS WHEN REPAYMENT IS DONE IT MUST NOT BE IN CASH |
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AGREED
Agreed but notified in chart of 269s when cash payment made more than 20000/-
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