If an assessee has taken cash loan of rs more than 20000 then sec. 69D is applicable or not, in the hand of receiver??
if not, in which section addition can be made?
4 Replies
Krishna Chaudhary
(Accountant)
(4531 Points)
Replied 23 January 2021
Iif you receive any loan exceeding 20000 in cash ,
then penalty will be levied of equal amount of loan
then penalty will be levied of equal amount of loan
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