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special provision under income tax
provision under sec 269ss and 269t
Replies (5)
what 269ss and 269T? what's your query?
sec 269ss explain
if you receive any amount in the nature of loans or advances in excess of rs. 20000/- by way of cash, then sec 269ss is violated and penalty under 271D may be levied
Are NBFCs covered under this provision for reporting purpose?
yes.. nbfc are covered under this provisions
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