Query about 269ss, 269tt, 40a for transactions
V S L (Accountant) (54 Points)
22 August 2015V S L (Accountant) (54 Points)
22 August 2015
Rashi Bajaj
(CA)
(752 Points)
Replied 22 August 2015
Sec 269SS and Tt are applicable only in TAX audit cases.
Further, if you go through the sections, It clearly states that transaction limit for cash is 20000/- in the year. So point no. 1.: No Penalty.
2. No penalty
3. No Penalty
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