Forgery in Stamp Paper
3 weeks ago
One of our relatives forged my Dad's Signature in a Promissory note affixed with a revenue stamp and claims that we owe Rupees Four Lakhs. And also filed a Civil Suit in the Lower court. My question is do Income Tax Act 269SS and ST apply here as it is written in the note that payment was done by cash.
A.Dear Client,
Section 269SS of the Income Tax Act prohibits individuals from accepting loans or deposits exceeding a specified sum from another individual, except through specific electronic or banking methods. This provision aims to reduce cash transactions and combat the accumulation of black money. Similarly, Section 269T regulates the repayment of such loans or deposits.
Section 269SS of the Income Tax Act prohibits individuals from accepting loans or deposits exceeding a specified sum from another individual, except through specific electronic or banking methods. This provision aims to reduce cash transactions and combat the accumulation of black money. Similarly, Section 269T regulates the repayment of such loans or deposits.
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A.Dear Sir,
You may concentrate on getting expert report that signature is forged and accordingly on such report you may file police complaint or private complaint.
You may concentrate on getting expert report that signature is forged and accordingly on such report you may file police complaint or private complaint.
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A.Dear Client,
Section 269SS of the Income Tax Act restricts a person (recipient) from taking or accepting any loan or deposit or any specified sum from any other person (depositor), otherwise than by an account payee cheque or account payee bank draft or use of electronic clearing system through a bank account or other prescribed electronic mode. section 269SS and section 269T of the Income Tax Act were introduced to curb the increasing cash transactions that lead to the accumulation of black money. Reach out to a CA or Income Tax practitioner for more clarification, guidance, and steps.
Section 269SS of the Income Tax Act restricts a person (recipient) from taking or accepting any loan or deposit or any specified sum from any other person (depositor), otherwise than by an account payee cheque or account payee bank draft or use of electronic clearing system through a bank account or other prescribed electronic mode. section 269SS and section 269T of the Income Tax Act were introduced to curb the increasing cash transactions that lead to the accumulation of black money. Reach out to a CA or Income Tax practitioner for more clarification, guidance, and steps.
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