banner_ad

Sec.269ss and Sec.269

Others 493 views 3 replies

I HAVE QUERY ABOUT SEC.269 THAT - I Mr.A takes loan from Mr.B of 19000 in cash in F.y2018-19 , can Mr.A can take loan of 19000 in cash again in F.y.2019-20 ?? and is both above transaction happen then how much penalty can be charged and who is liable for payment of penalty??

 

Replies (3)

meaning of word "aggregate" in Act means per person per year or per person in  different year ?

Section 269ss works on assessment year basis. Therefore, the above transaction would not be subject to sec 269ss since it happens in 2 different Asst years.
@ Mr Harshit.,

As per Your query.,
The section not applicable for the transaction. Bcoz, both transactions in different FY.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details