Easy Office
LCI Learning

Query for Sec 269SS

This query is : Resolved 

25 January 2009 How can a party be penalized u/s 269SS.for ex if i borrow rs 100000 during 2003-04 F.Y and deposit it in my bank a/c and i utilize it only during the F.Y 2004-05.will the amount be attached u/s sec 269SS during the F.Y 2003-04 or F.Y 2004-05

25 January 2009 Amount taken/accepted is in the year 2003-04. So if at all to be penalized u/s 271D it should necessarily be in the year 2003-04.

25 January 2009 As Mr.Warrier correctly said, it can be disallowed in 2003-04 only.




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