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269 SS

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25 January 2010 Can rent advance more than 20,000 be received in cash. will it be covered under section 269 ss
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CA PRIKSHIT GUPTA

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CA PRIKSHIT GUPTA (Expert)
25 January 2010 As per my view, rent received in advance in not covered u/s 269ss. because it is not a loan. it is current liabilty. so, sec. 269ss will not attract.

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