269ss and 269t

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

15 November 2014 Whether loan paid to Banks may be for Car loan or any other loans are covered under 269SS and 269T?
May be the person is an individual or a company??

Guide me regarding it.

Yogesh Shukla

Yogesh Shukla (Expert)
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16 November 2014 Provided that the provisions of this section shall not apply to any loan or deposit taken or accepted from, or any loan or deposit taken or accepted by :
(a) Government.

(b) Any banking company, post
office savings bank or co-operative bank.

(c) Any corporation established by a Central, State or provincial Act.

(d) Any Govt. Company as defined in section 617 of the Companies Act 1956(1 of1956)