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Cash transaction

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 December 2013 a husband gives rs 20 lakhs in cash to his wife in her books of account.
what will be the tax implications of the above transaction?
or any other important issue related to the topic?
please notify
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
11 December 2013 if loan is given in cash then sec 269SS and 269T resp will be attracted in this case and penalty of equivalent amounts will be imposed.
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
11 December 2013 From the query it can not be understood that why it is important to know you ?
.
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