Menu
Section 269t
Whether advance given above 20000 is violation of d section 269T. Please suggest me. Abt loan n deposit i gt d answr. Asking abt advance gvn. Thank you
Replies (4)
Please somebody suggest me abt d querry
Dear Vinod,
Advance given above 20K is disallowed.
Regards,
RAJESH CHOUDHARY
Ok thnx a lot: Rajesh Choudry
For what was teh advance given?
Advance given in the ordinary course of business will be disallowed u/s 40(A)(3) & not u/s 269T. 269T talks only about loans & deposits and not advances. So disallowance to teh extent of 100% will be made in such case.
Recent Topics :
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
Related Topics :
CAclubindia
