APPLICABILITY OF 269SS AND 269T ON NIDHI COMPANY

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..... Dear Sir We have started a NIDHI Company In Rajasthan, we are maintaining three type of deposit accounts namely RD, FD and Saving account from Member and also granting loan to Members. We have foll .....

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..... owing query. Now company has taken RD from member Range from ₹ 100 to ₹ 500 per day in cash. In accepting cash whether it can be default of sec 269ss . Please explain how can take R .....

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..... D from member. Bank is also denying fro making ECS of ₹ 100 daily for RD amount. Is NIdhi company grant loan to member which is unsecured. Since has plan for micro finance which will be unsec .....

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..... ured, it will be range from ₹ 10000 to ₹ 200000 . Whether company can receive repayment in cash for Small loan account which are exceeding ₹ 20,000/- in a year. Is it default of .....

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..... sec 269SS and 269T. Thanks in Advance. - APPLICABILITY OF 269SS AND 269T ON NIDHI COMPANY - Query Started By: - Pushkar Gupta Dated:- 5-8-2015 Income Tax - Income Tax - Discussion Forum - .....

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..... Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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