Section 269ss & 269t
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 August 2013
WHAT ARE THE CONSEQUENCES IF THE ASSESSEE HAD ACCEPTED AN AMOUNT IN CASH EXCEEDING 20000/-(SINGLE OR AGGREGATE) AND REPAID IN CASH EXCEEDING 20000/-(SINGLE OR AGGREGATE) IN AN YEAR.
13 August 2013
penalty equal to the amount of loan taken as well as loan repaid
14 August 2013
penalty is equal amount paid or received in cash.
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