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Querist : Anonymous

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Querist : Anonymous (Querist)
11 June 2011 is advance payment of50000 in cash receipt for sale of goods attract section 269SS/269T of Income Tax Act?

11 June 2011 NO THE TRANSACTION IS OUT OF THE SECTION 269SS?269T PURVIEW

CA MANOJ GUPTA
JODHPUR
09828510543

11 June 2011 Dear Manoj,

I have doubt so please brief the reasons for which said transaction is out of purview.

With regards,


11 June 2011 this is as per ICAI clarification
see Guidance Note on tax audit issued by ICAI



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