Whether S.269SS is applicable in cumulative nature or if individual transaction Above 20000 ?
For Example I give a loan to my friend 15000,18000,17500,16000 in cash o different days in same financial year.Whether is it attract 269SS.
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Section 269ss
Replies (2)
Please go to refer this one. You can get some clarity about the Cash Payments...
yes... 269 ss will attract
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