Question ID :
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.
Answer ID :
samirkumar gokulbhai kasvala
Sep 03, 2022
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.
CA. chunauti dholakia on
Sep 05, 2022