The next time you accept any loan or deposit in cash, even from your friend or acquaintance, watch out that you do not walk into the tax trap of Sections 269SS and 269T of the Income-tax Act.
The provisions of these two sections got to be introduced to checkmate taxpayers found in possession of cash during search, survey or scrutiny, so that they cannot mischievously wriggle out from the Taxman's clutches by explaining the source of their unaccounted moneys as having been received from someone by way of cash loan or deposit.
Denne historien er fra November 18, 2024-utgaven av Ahmedabad Mirror.
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Denne historien er fra November 18, 2024-utgaven av Ahmedabad Mirror.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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No OTT takers for AWIAL
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