Please Help: section 269ss
Posted Date : 17-Oct-2012 , 01:28:22 pm | Posted By: Ravi Sanguri
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Income Tax | Answers :
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whether the provisions of section 269ss & 269t will also apply if we have taken loan fron financial institution including banks.? |
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Answers:
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 Answer by: Anmol Goyal |
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| Posted By : Nikhil |
17-Oct-2012, 03:40:23 |
| NO, the above Sections are not apply if you take any loan from Banks.. |
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| Posted By : Nikhil |
17-Oct-2012, 03:38:46 |
| The provisions of this section 269ss & 269T shall not apply to any loan or deposit taken or accepted from or any loan or deposit taken or accepted by,
(i) Government
(ii) Any banking company, post office saving bank or cooperative bank
(iii) Any corporation established by a central, state or provincial act.
(iv) Any government company |
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