269 SS on employees loan repayment

Tax queries 525 views 1 replies

Employees of a company repays staff loan taken

IN CASH amounts exceeding 20k

 

is it coming under perview of 269ss & 269tt

Replies (1)

no not covered the above said is recovery of loan which is not covered under section 269 SS  & T

 

269 SS - Taking fresh loan from otheres

 

269T - repayment of the loan taken from others


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