Section 271D of ITA, 1961 : Section 271D: Penalty For Failure To Comply With The Provisions Of Section 269Ss
ITA, 1961
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Explanation using Example
Imagine a business owner, Mr. Sharma, who accepts a cash loan of INR 50,000 from his friend Mr. Gupta without any documentation. This transaction is in contravention of Section 269SS of the Income-tax ...
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