applicability of Sec 269SS for rental lease/advance

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... applicability of Sec 269SS for rental lease/advance
Query (Issue) Started By: - MOHAMED YACOOB SHARIFF Dated:- 27-2-2013 Last Reply Date:- 21-3-2015 Income Tax
Got 1 Reply
Income Tax
Sir, .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... One of my client NRI, has let out his property for lease on receipt of Rs,500000/- in cash, now the assessing officer ask, you he has accepted the cash, and for this he says, the provisions of sec 2 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 69SS will apply, is it correct? pl clarify with any recent case law, to give the reply and penalty Reply By Rama Krishana: The Reply: The AO may be right as long as you say that amount of ₹ 5 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ,00,000/- is refundable after 3 years or on expiry of lease, as the case may be. It is your stand which will be the base of the final order. What is the nature of amount is question of facts and exam .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ination. If you have got any view, please share with me.
Discussion Forum - Knowledge Sharing .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X