Login  |  Register  |  Forgot Password 
Below Login Ad
Discussion < Income Tax < 269SS & 269T
Post Topic
students zone,CA Students
karan


[ Scorecard :197 ]

can somebody illustrate the provision of section 269SS & 269T with all the possible combination...or 
pls answer the below illustration,u have to ans whether these section are applicable or not...

269SS
loan already....loan taken in cash 
taken
nil.............19999
nil.............20000
nil............18999-1apr
...............1000-1may
...............1000-1june
1000...........18000
1000...........19000
21000..........1000

269T

loan..........repayment in cash 
taken

19000.........19000
21000.........500
21000.........1000
21000..........2000
50000..........21000


and is repayment of loan by govt is covered u/s 269T????

thanks in advance








CA. Ravindra Tiwari


[ Scorecard :393 ]

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.


CA. Ravindra Tiwari


[ Scorecard :393 ]

Let me correct myself regarding exemption issue.

specific exemption is to Gove. hence Sec. 269t shall not be applicable if repayment is made by govt.


CA SUBHASH KR.


[ Scorecard :11869 ]

Totally agree with Mr Ravindra ji


Siddharth Bumb


[ Scorecard :7112 ]

totally agreed with CA Ravindra Tiwari


CA. Ajay Agrawal


[ Scorecard :587 ]

ravindra ji is right


VENKATESH REPALA


[ Scorecard :752 ]

thanx for sharing


Sanyam Nenawati


[ Scorecard :59 ]

agreee with ravindara ji


NARESH PAL GARG


[ Scorecard :74 ]

aggred with CA ravindara


kiranapal simgh


[ Scorecard :64 ]

aggreed with ca ravindra

Reply to this Discussion

You need to be logged in to post comment
 
 
www.casansaar.com
...keeps you updated

Home

  |  News

  |  Articles

  |  Discussion

  |  CA Firms

 |  Members

 |  CA Community

 |  Jobs

 |  Empanelment

 |  Files

 |  Matrimonial

 |  Students zone

 |  Queries

 |  Classified Ads

 |  Events

 |  About us

 |   Top Members

 |  Coaching Centres

  | Testimonials

 | Judiciary

 | Videos

 | Notifications/Circulars

 | Book

 | eDirectory

 | Interview

 | Website

 | Emails

 | Software

 |  Score Board

 |   Press Release  

 |   Blood Bank  

  |   Opinion Poll  

  |   Feedback
 |   Advertise us

 |   Terms & Conditions

 |   Refund Policy

 |   Contact us
 |   Blog

  |   Sitemap

  |   Auditing

  |   Bank

  |   Bank branch audit

  |   Banking

  |   Black Money

  |   CA

  |   CA Announcement

  |   TDS

  |   Students Zone

  |   Custom

  |   VAT

  |   Service Tax

  |   Corporate Law

  |   General

  |   Excise

  |   SEBI

  |   Finance

  |   GST

  |   ICAI

  |   FEMA

  |   ICWAI

  |   ICSI

  |   DGFT

  |   RBI

  |   IFRS

  |   CAG

  |   Budget

  |   Merger & Acquisitions

  |   International Business

  |   Shares & Stock

  |   Excel Tips

  |   International Taxation

  |   ITR

  |   Chartered Accountant

  |   Tax Audit

  |   Companies Act

  |   Money Laundering

  |   MCA

  |   Income Tax Refund

  |   NPA

  |   Income tax software

  |   CST

  |   CA Exams

  |   CA Results

  |   CBDT

  |   Accounting Standards

  |   DIN

  |   Judical Announcement

  |   MDP

  |   PAN

  |   Whats App

  |   Secretarial Standards

  |   NGO

  |   CA Convocation

  |   Finance Bill

  |   ICAI Notification

  |   CARO

  |   COMPANIES SECRETARY

  |   Accounts

Follow Us : Twitter Icon Facebook Icon Orkut Icon Linkedin Icon Linkedin Icon
Developed By: CASANSAAR Copyright © casansaar

Top Accounting Firms,CA COMMUNITY,CA SANSAAR,Chartered Accountant,Ca Networking Firms,Partner Portal,Ca Assignments,CA,Online Communities For Chartered Accountant,Circle For Ca,CS,CMA and FINANCE,Articles By CA / CS / CMA,accounting news articles,Ca Firms In Delhi,CA ANNOUNCEMENT

accounting jobs,article trainees,best website creator,empanelment,income tax slab, ITR, TDS Chart,budget of india 2014-15,gst,auditing,Income tax,students zone,cpt,community matrimony for ca,Classified Ads,Community Matrimony For Ca,Students Zone,Coaching Classes,Company Secretary,Cost Accountant,Judiciary.