TAX AUDIT REPORTING U/S 269SS AND 269T

This query is : Resolved 

02 September 2023 Whether addition in unsecured loan amount due to credit of interest and deduction due to TDS deduction need to be reported U/s 269SS and 269T, as acceptance of loan and repayment of loan

02 September 2023 No, since there is no movement of money, section 269SS and 269T are not applicable for book-entry transactions.



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