Deposit meaning as per it act 1961

rajesh (Accountant) (583 Points)

06 August 2014  

Dear Sir

As per Income Tax Act 1961 Please Tell Deposit Meaning

My Doubt is

1) Advance Taken from Customer (for Supply of Goods etc.,)
2.) Advance Taken (against Property Sale)

the above two points are attract 269SS and 269T

Please Tell its Urgent

Thanks in Advance