Income Tax - 269SS

This query is : Resolved

Piyush (Querist)
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06 August 2008 When we have received a sum exceeding Rs. 20000 by way of Cash towards advance of sale of material whether this will qualify for 269SS?

Whether disclosure is required under Tax audit report

S.Srinivasaraghavan

S.Srinivasaraghavan (Expert)
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07 August 2008 In my opinion this will not fall under section 269SS

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Income Tax - 269SS

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