SEC 269SS AND SEC 269T

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vishal (Querist)
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27 September 2008 this is with refrence to section 269SS and T

if i had taken a loan of 4.5 lacs and repay the party 5 lacs then whether i will be showing repayment as 4.5 lacs or 5 lacs.

if i had accepted security deposit for different reasons from the same party then whether i will be clubbing the amount or show it seperately(i have made the individual acconts seperate)

CMA Jitendra Singh

CMA Jitendra Singh (Expert)
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27 September 2008 Section 269SS and T are concerned with cash transactions while you have not mentioned anywhere in your query ,where said transactions have been cash or through account payee cheques.

Secondly ,50000 more than principal seems u have paid as interest ,so same as expenses.