A has given loan to B Rs 5 Lacs. The loan was repaid by B's Son
Whether this will create problem as per sec 269SS/269T of the Income Tax Act as the loan was repaid by B's son instead of B.
Moreover, the provision is applicable where there is acceptance first and then repayment.. so for A it’s payment first so not applicable
Naveen Fintech Pvt Ltd
Kolkata
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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