Question ID :
44360
Tax Audit - loan accpeted - PAN not avaialble
Clause 31a- loan accepted from farmers who does not have PAN. without PAN, the Tax Audit form is not getting uploaded.
Posted by
samirkumar gokulbhai kasvala
on
Sep 03, 2022
Filed Under
DIRECT TAXES
If the person from whom and by whom loan is taken both have only agriculture income and other income are within threshold limit, provisions of section 269SS are not applicable. Hence not required to report loan in such cases. But in other cases, PAN of farmers should be obtained and should be reported.
Posted by
CA. chunauti dholakia on
Sep 05, 2022