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Q. > Please Help: Allotment of shares against unsecured loan
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290 views • Question added Jan 05, 2013 • Income Tax • By Dilbagh , CA


can shares be issued against the unsecured loan amount?? will it contravention of Sec.269SS?

1 Answers

answered Jan 09, 2013 by CA Satuti Mahajan , batala

no


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Dilbagh

05-Jan-2013 , 06:42:14 pm

its not Sec.269SS but Sec.269T

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