Whether S.269SS is applicable in cumulative nature or if individual transaction Above 20000 ?
For Example I give a loan to my friend 15000,18000,17500,16000 in cash o different days in same financial year.Whether is it attract 269SS.
Whether S.269SS is applicable in cumulative nature or if individual transaction Above 20000 ?
For Example I give a loan to my friend 15000,18000,17500,16000 in cash o different days in same financial year.Whether is it attract 269SS.
Please go to refer this one. You can get some clarity about the Cash Payments...
CAclubindia
