Applicability of 269 ss and t

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Hardik Mehta (Querist)
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05 June 2015 dear sir I want to know about section 269ss and t of accepting and repayment of deposit in cash, whether it also applies to NBFC or not?

CS,CA F,Numrologi TusharSampat (Expert)
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05 June 2015 http://taxguru.in/income-tax/advance-cash-property-covered-section-269ss-269t.html

Rupesh Jain (Expert)
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09 June 2015 yes it is applicable to nbfc also.

now you cannot buy the immovable property in cash exceeds rs.20000/-

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