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Income Tax - Highlights / Catch Notes

Home Highlights January 2020 Year 2020 This

Penalty u/s 271D - Cash loan taken from the Partner of the ...

Income Tax

January 29, 2020

Penalty u/s 271D - Cash loan taken from the Partner of the Partnership Firm -Assessee with a bona fide belief that the provisions of section 269SS are not applicable has availed the cash loan from the partner - No penalty.

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  10. Dis-allowance u/s 14A of notional interest paid on loan taken for capital contribution in partnership firm - partnership firm - provisions of section 14A are not...

 

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