Is my transaction covered in sec. 269SS & 269T or not Expl.
This query is : Resolved
08 June 2009
Please give me solution
in my case, i have made a payment to my purchaser party by financer or Sroff, and the same amount paid to financer or sroff for 15 to 30 dayeswith Interest by me an account payee cheque.
in accounting, I am debited the purchaser party and credited financer or Sroff, and some time i need money so i recd. account payee cheque from financer or Sroff. and interest dr. and deducted t.d.s. @ 10.3%
the above situation in my accounts, so please solve my problems that can this account covered in sec. 269ss & 269t or not (explain deeply with example)
in my case, i have made a payment to my purchaser party by financer or Sroff, and the same amount paid to financer or sroff for 15 to 30 dayeswith Interest by me an account payee cheque.
in accounting, I am debited the purchaser party and credited financer or Sroff, and some time i need money so i recd. account payee cheque from financer or Sroff. and interest dr. and deducted t.d.s. @ 10.3%
the above situation in my accounts, so please solve my problems that can this account covered in sec. 269ss & 269t or not (explain deeply with example)
09 June 2009
As understood from ur query that amounts were taken and repaid by account payee cheques so the provisons of 269SS & 269T will not hit.
09 June 2009
Agreed with parveen.
11 June 2009
Sir you have asked the same query in two sections. It has been answered in the income tax segment.
The link if you cannot find it
https://www.caclubindia.com/experts/experts_message_display.asp?group_id=190783
The link if you cannot find it
https://www.caclubindia.com/experts/experts_message_display.asp?group_id=190783
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- Should I report my US salary for January, February, March in Schedule FA?
- Can a partnership firm become partner in a LLP ?
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- TDS on purchase of value vouchers for employees ?
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
