Sec.269SS & 269T
This query is : Resolved
30 July 2010
My Client has availed two loans during the financial year 09-10 one is Rs.2.00 lakhs from a corporate finance and another is Rs.1.50 lakhs from financial institutions by Account Payee Cheque for purchase of Vehicle. He repaid in a monthly instalment to both by cash Rs.10000/- & Rs.7500/- respectively for 11 months during the same financial year 09-10. Wheather 269T will be attracted or not?
30 July 2010
No, Sec. 269 is applicable for Transtions with Relatives or Interested People only.
30 July 2010
http://www.taxguru.in/income-tax/provisions-of-section-269ss-and-269t-under-income-tax-act.html
Please check above link for more details.
Please check above link for more details.
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
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
