Tax Audit

This query is : Resolved

HEMANT JAIN (Querist)
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21 September 2016 IS Sec 269SS and Sec 269T applicable in case of loan advances GIVEN ??? and detail of these transaction mensioned in Tax Audit Report

ACA Anurag

ACA Anurag (Expert)
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21 September 2016

Hope your query is resolved

Kaushik Joshi

Kaushik Joshi (Expert)
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21 September 2016 Dear Hemant, No the said provisions are not applicable. the section talks about loans taken and repaid only.

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CA Sumiit B Nagpal

CA Sumiit B Nagpal (Expert)
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23 September 2016 Mr. Kaushik Joshi is right, 269SS speaks about the loans taken /accepted during the year and 269T speaks about the loans repaid during the year. Hence, no need to mention about the loans or advances given.

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