Easy Office
LCI Learning

269ss/t

This query is : Open 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
15 December 2011 Dear Experts,

Whether Section 269SS and 269T is applicable to individual who have only bank interest income.

i mean one individual who have bank interest & short term capital gain, have taken cash from some his relatives & friends, and paid them in next years.

whether received above 20000, penalty can imposed.
Profile Image

CA Navin Jain

Profile Image

CA Navin Jain (Expert)
15 December 2011 if cash transaction is hidden then no penalty
Profile Image

Dintakurthi Tirumala

Profile Image

Dintakurthi Tirumala (Expert)
15 December 2011 Section 269SS/T applicable to all the assesses. If it is found by the AO then penalty will be imposes.
OM SAI SRI SAI JAI JAI SAI
Upgrade to CAclubindia Pro. Subscribe Now!

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
15 December 2011 Then how to Handle the Cash problem.
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
15 December 2011 ???????????????

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links