Penalty U/s 269ss of Income Tax Act 1961

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..... A Co-operative credit society disburse a loan of Rs.1,00,000/- to his member by cheque . The same member of society who has taken loan from society was partly repay the loan to the society for Rs.5 .....

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..... 0,000/- in cash. The society has accept the amount in cash . Is the society has made contravention of Section 269SS of IT Act ? As per my information contravention u/s 269SS is made only when .....

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..... amount of deposit or loan accepted in cash not at the time of acceptance of repayment of loan. Please guide me. - Reply By CA Rachit Agarwal - The Reply = However Section 269T deals with the .....

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..... Repayment of loans and deposits. - Penalty U/s 269ss of Income Tax Act 1961 - Query Started By: - sunil patil Dated:- 3-3-2011 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowled .....

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..... ge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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