applicability of Sec 269SS for rental lease/advance

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

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.... 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 26....

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....9SS 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 &#8377; 5,....

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....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 exami....

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....nation. If you have got any view, please share with me.<br> Discussion Forum - Knowledge Sharing ....