Sec 269ss comes into effect when aggregate amount (fresh deposit and already taken) reaches the limit of Rs. 20000.
Case Sec. 269ss
01 NA
02 Applicable
03 a NA
03 b NA
03 c Applicable (Aggregate amount now crossing limit of Rs. 20000)
04 NA
05 Applicable (total amt. 20000)
06 Applicable
Sec 269T (excluding effect of Sec 269SS)
01 NA (Total deposit as on the date of repayment is below 20000)
04-05 Applicable (Balance of Loan/ Deposit as on the date of Repayment is above 20000 in all cases)
If repayment is made more than one time in a year then we have to take aggregate of all repayment to check applicability of Sec. 269T . as total repayment croses limit of 20000 compliance of Sec. 269T is must.
No specific exemption to Govt, therefore applicable in case of repayment by the govt. |