A has given loan to B Rs 5 Lacs. The loan was repaid by B's Son
Whether this will create problem as per sec 269SS/269T of the Income Tax Act as the loan was repaid by B's son instead of B.
4 Replies
Tanuj Chandra Saxenaa
(Company Secretary)
(7075 Points)
Replied 22 December 2021
No it will not affected at all
RAJU
(LEARNER)
(1089 Points)
Replied 24 December 2021
Moreover, the provision is applicable where there is acceptance first and then repayment.. so for A it’s payment first so not applicable
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