269SS /T
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 January 2011
Dear sir,
whether shareapplication money received by a company convered under 269ss/t. If yes. pls. clarify and consequences of taken/ and repayment in cash more than 20000/- .
whether shareapplication money received by a company convered under 269ss/t. If yes. pls. clarify and consequences of taken/ and repayment in cash more than 20000/- .
31 January 2011
No I think. This can not be treated as unsecured loan
31 January 2011
No, it is not covered.
31 January 2011
Share application money received in cash is neither deposit nor loan with in the meaning of 269SS/ T.
Citation :- CIT V Rugmini Ram Raghav Spinners (P) Ltd (2008) 220 CTR (Mad) 520.
However, Delhi and Jaipur bench of the tribunal took a just opposite view.
Citation :- CIT V Rugmini Ram Raghav Spinners (P) Ltd (2008) 220 CTR (Mad) 520.
However, Delhi and Jaipur bench of the tribunal took a just opposite view.
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 February 2011
Mr. B. Chacrapani Warrier sir,
sir, also payment in excess of Rs. 20000/- not attract sec. 269T.
PLS.
sir, also payment in excess of Rs. 20000/- not attract sec. 269T.
PLS.
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