Salary advances taken by the employees wants to repay it in cash whether it attracts 269SS
BhagyaLAkshmi,FCA (Proprietor) (39 Points)
16 April 2021Salary advances taken by the employees wants to repay it in cash whether it attracts 269SS
CA. Sourav Sarkar
(Chartered Accountant )
(24578 Points)
Replied 16 April 2021
Amogh Gokhale
(Proprietor)
(58 Points)
Replied 16 April 2021
My personal understanding.
Maximum Possibility (in case TOTAL AMOUNT is Rs 20,000/- or More)
Section 269SS wording downloaded from Official Income Tax Website is also attached.
Simple Question that may be asked by Tax Department : Why employee wants to repay in cash? Means he/she is having some undisclosed sources of Income...
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