TMI BlogSection 269SS: Temporary Advances Exempt from Cash Loan Penalties Under Income Tax Act.Penalty - Provision of section 269SS - Cash loans - The amount taken for a short period. - It has to be considered as temporary advance - If it is a temporary advance, such temporary advances are outside the purview of section 269SS of the Act..... - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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