section 269ss and 269t

This query is : Resolved

ABHIJIT (Querist)
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27 June 2009 in 3cd point 24 (a)is mention * particulars of each loan or deposite in an amount exceeding the limit specified in section 269SS thaken or accepted during the previous year :-

is it also require to mention if loan is taken from bank?
or is require to be mention only if unsecured loan is taken?

Aditya Maheshwari

Aditya Maheshwari (Expert)
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27 June 2009 The star (*) as mentioned in your statement states as under
*(These particulars needs not be given in the case of a Government company, a banking company or a corporation established by a Central, State or Provincial Act.)
Hence no requirement to mention any loan whether secured ot unsecured from above

NISHIT A. DOSHI

NISHIT A. DOSHI (Expert)
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27 June 2009 in form no.3cd under clause 24(a),it is very specifically mentioned that the particulars regarding loan or deposit u/s 269ss or 269t are not required to be given in case of a Government Company, a banking company or a corporation established by a Central,State or Provincial Act. so no need to give any particulars when loan is taken from bank whether it is secured or unsecured.

with regards,
ca nishit doshi

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