Himanshu Chandak (6 Points)
08 September 2019
Shorya
(CA Article)
(105 Points)
Replied 09 September 2019
31(a) - 269SS - when a person received loan/deposit from other person through mode OTHER THAN account payee cheque/bank draft or ECS banking & amount exceeds INR 20,000/- or any loans/deposits of any previous year that satisfy the same criteria as above are outstanding/unpaid for amount exceeding INR 20,000/- (exceptions - loans/deposits/sum taken by government or banks or PO saving bank or Co-Op banks or government bodies)
31(b) - 269SS - money receivable/due or advance in relation to transfer of immovable property for amt exceeding INR 20k (regardless transfer has taken place or not)
31(ba) - 269ST - If amount* received is more than 2 Lakhs, in mode other than cheque/draft/ECS banking
31(bb) - 269ST - amount* received exceeding 2 lakhs through cheque/draft that is NOT account payee cheque/draft
31(bc) - 269ST - If amount* paid is more than 2 Lakhs, in mode other than cheque/draft/ECS banking
31(bd) - 269ST - If amount* paid is more than 2 Lakhs, in mode cheque/draft that is NOT account payee cheque/draft
*AMOUNT IN RELATION TO
in aggregate from a person in a day OR
single transaction OR
transactions relating to one event or occasion from a person
Haresh prajapati
(student)
(72 Points)
Replied 09 September 2019
Kapadia Pravin
(17264 Points)
Replied 09 September 2019
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