CCI Online Learning
What do you want to learn today?
     
CIBIL

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Loan borrowing


Abhishek Selvam O   29 March 2020

Abhishek Selvam O

 8 likes  217 points

| My Other Post

Difference between section 269ss and 271D.

Karan Singh (Chartered Accountant)     29 March 2020

Karan Singh
Chartered Accountant 
 5 likes  95 points

View Profile | My Other Post

Sec 269SS defines the mode of accepting certain loans and deposits.

where as 271D states the penalty if certain loans and deposits is accepted in mode other than specified in Sec 269SS.

Basically Sec 269SS says Loans and deposit amounting more 20000 or should not be accepted in cash or bearer cheque. If assessee do so then he will be liable to penalty which is define in Sec 271D.

2 Like

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  


Related Threads


Loading

Popular Discussion


view more »



Trending Tags
coronavirus
Info Technology
Service Tax
cag
corporate law
dgft
tds
career
Professional Resource
aatmanirbhar bharat
pm cares fund
ca rankholder interview
tcs
esic
audit
income tax
epfo
eway bill
llp
gst return
Others
dvat
gstr 9
traces
law

FM by Grant Thornton    |    x