Section 269SS
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 December 2009
Suppose, a company has accepted security deposit from a contractor in cash in excess of Rs. 20,000. In such case, would the provisions of Sec. 269SS apply?
22 December 2009
Yes.
23 December 2009
269SS covers both loan and deposit .
And this section is applicable to all persond and hence in your case the transaction attracts Sec. 269SS
And this section is applicable to all persond and hence in your case the transaction attracts Sec. 269SS
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