Is provisions of sec 269SS applicable in case of payments received from a relative?
6 Replies
rama krishnan
(12239 Points)
Replied 15 September 2017
yes it's applicable when it's received as loan but exempted when received as gift
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 15 September 2017
Yes. The provision of sec 269SS applicable to every person taking or accepting any loan or deposit exceeding Rs. 20000 weather It's personal or not....
Sahil Kansal
(27 Points)
Replied 15 September 2017
Raja M its is not clear by your view that whether received from relative attracted 269Ss
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 16 September 2017
@ Sahil.,
It means....
Every person included relatives .....
It means....
Every person included relatives .....
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