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Query regarding Sec 269T & 269SS, Income Tax

Issue Id: - 107255
Dated: 29-8-2014
By:- Dass and co

Query regarding Sec 269T & 269SS


  • Contents

A individual tax payer had 200000 cash in hand in his books of accounts.

He gave loan of ₹ 200000 in cash to any third person.

Sec 269 SS prohibits that third person to receive loan in form of cash.

Is there any section or any case law which prohibits the person who is giving loan to not to give that loan in form of cash?

Plese reply.

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Showing Replies 1 to 1 of 1 Records

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1 Dated: 1-1-2016
By:- MARIAPPAN GOVINDARAJAN

Whether you have got clarified in the above issue? If not please inform.


Page: 1

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