Section 269 ss

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ANKUR (Querist)
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12 March 2015 if we take loan or accept deposit, this transaction attract sec. 269ss but if we give loan or advances to others, is this transaction also attract sec. 269ss?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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12 March 2015 http://taxguru.in/income-tax/provisions-of-section-269ss-and-269t-under-income-tax-act.html

refer the link for full explaination

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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12 March 2015 https://www.caclubindia.com/experts/penalty-about-given-loan-more-than-20000-in-cash-1967289.asp

Check out from reply given at above link.

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