Scope of 269ss and 269t
This query is : Open
17 February 2016
Whether 269SS and 269T covers advance given for purchase of plant and machinery by way of mode other than account payee cheque or abnk draft. Will those plant and machinery will be qualified to be considered as 'immovable property' for above sections
17 February 2016
It does not cover any payment made in relation to business... Like purchase or plant & machinery etc...
17 February 2016
What if such amount is paid for acquiring factory building in cash??
17 February 2016
read rule 6DD for payment other than a/x payee cheque.
17 February 2016
it was allowed, but now new rule is there which do nowt allow
17 February 2016
Rule 6DD is exception to section 40 A (3) but my query is regarding 269SS!and 269T
17 February 2016
Right... so for 269 ss & t as i said it does not affect... & Rule 6DD is for building purchase in cash.
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