Penalty u/s 271D - Journal entries - urgent need to make payment ...

Income Tax

July 29, 2022

Penalty u/s 271D - Journal entries - urgent need to make payment towards EPF - there was cash deposit in the bank account which is contravention of the provisions of Section 269SS (b) - The assessee clearly established that the loan availed by the Director is transferred to the assessee company because of its company is urgent need of cash/finance. - No penalty - AT

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Penalty u/s 271D - Journal entries - urgent need to make payment ...

Income Tax

July 29, 2022

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