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Sec 269ss

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(Querist)
25 September 2013 one of my client has taken deposits in cash from his customers and they exceed Rs.20000/-
will the provisions of sec 269ss apply on these advances
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Ashwani Narnoli

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Ashwani Narnoli (Expert)
25 September 2013 yes the provisions of sec 269SS would apply.
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CA.Tanveer

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CA.Tanveer (Querist)
25 September 2013 can you elaborate and explain your answer
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