Re: [aaykarbhavan] CASH LOANS

thanks,

in my case JT CIT has levied penalty u/s  271D for cash loans of 60000 from 3 persons(20000 each)

 

Moiz N. Jaorawala,
M.N.JAORAWALA & CO.

CHARTERED ACCOUNTANTS

154, Singh Chambers, Bora Bazar, Fort, Mumbai 400001

---

From: "Amar Sudheer Chitta sudheerchitta@gmail.com [aaykarbhavan]" <aaykarbhavan@yahoogroups.com>
To: aaykarbhavan@yahoogroups.com
Sent: Thursday, 2 April 2015 8:29 PM
Subject: Re: [aaykarbhavan] CASH LOANS

 

If per person is less than 20,000/- then no problem and the amount is with in the limits mentioned in the Secs. 269SS and 269TT

On Thu, Apr 2, 2015 at 2:54 PM, moizjaorawala@yahoo.com [aaykarbhavan] <aaykarbhavan@yahoogroups.com> wrote:

 

Members,

would like to know as per provisions of sec 269SS, limit of Rs.20000 per year is:

per person i.e can we take loans of 75000 from 5 persons not exceeding 20000 from each person?

          or

total limit of Rs.20000 from more than one persons

thanks

--

Ch. Amar Sudheer
Chartered Accountant
Vijayawada

__._,_.___

---

Posted by: Moiz Jaorawala <moizjaorawala@yahoo.com>

---

receive alert on mobile, subscribe to SMS Channel named "aaykarbhavan"
[COST FREE]
SEND "on aaykarbhavan" TO 9870807070 FROM YOUR MOBILE.

To receive the mails from this group send message to aaykarbhavan-subscribe@yahoogroups.com

Visit Your Group

• Privacy • Unsubscribe • Terms of Use

__,_._,___