banner_ad

Section 269ss & section 269st

This query is : Resolved 
Profile Image

Profile Image

(Querist)
21 December 2018 If a Builder received Advance money for Immovable property (lets say a Flat) in cash Rs.2,50,000 from a Prospected buyer in a day, which penalty will be levied ? 271D(for 269SS) or 271DA(269ST) or both???
Profile Image

CA. Vivek Chiraniya

Profile Image

CA. Vivek Chiraniya (Expert)
21 December 2018 Section 269SS applicable for receiving and 269T for repayment.
Profile Image

Nisarg Mehta

Profile Image

Nisarg Mehta (Querist)
02 January 2019 as the assessee is receiving cash above rs.2 lakh for a single transaction in a day, provisions of section 269ST would also apply..there is violation of both the sections 269SS and 269ST. then which penalty department can levy?
Profile Image

Nilesh Gami

Profile Image

Nilesh Gami (Expert)
08 February 2019 penalties under both sections can be levied by AO u/s 269ss and 269st
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details