Clause-31(a) – Section 269SS

Clause-31(a) – Section 269SS
The system Captures the details in the following steps:

 
Step -1 : Ledger Selection 

1. The system populates all ledgers that are classifieds “ un- secured loans” , the user can also add more ledgers manually. 
2. The system accepts PAN number in the format 5 letters, 4 number and one letter and can be copied and pasted into the field in the correct format. 
3. No other random assortment of alphabets and numbers will be accepted , The system then throws an error “ Error in PAN format”  
4. The fields are not mandatory for the ledger to be added ( name of the lender , Address , PAN) 

Step -2 : Report Completion 

1. The report completion lists all transactions > Rs,20, 000 in the ledgers that are added in step -1 ( both system populated and manually added ledgers are checked for transactions breaching the limit)  

Step -3 : View / Download Report 

1. This clause ensures that every loan borrowed or deposit taken has not been accepted in cash and has been accepted only by cheque and that the cheque is an A/C aye cheque only. 
2. The user can hover over the column names to understand the details that is captured in the column  , an example has been marked. This helps the user to understand the application of the table better.