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All QuestionsCategory: Income Tax Compliance269SS/269ST of IT ACT 1961
Profile photo of FAROOQ LALANIFAROOQ LALANI asked 3 years ago

269SS/269ST of IT ACT 1961

Whether provisions of 269SS/269ST are applicable to transactions between Firm & Partners. (ex. Remuneration, capital induction, etc) above the limits.

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2 Answers
Profile photo of CA. Raman SethCA. Raman Seth answered 2 years ago

provisions of section 269SS are not applicable; However 269ST will attract in case of transactions between Firm and Partners.
Regards CA Raman Seth
ca88seth@yahoo.co.in

Profile photo of CA. Raman SethCA. Raman Seth answered 2 years ago

provisions of section 269SS are not applicable; However 269ST will attract in case of transactions between Firm and Partners.
Regards CA Raman Seth
ca88seth@yahoo.co.in