Cash paid to share holder and received from them by company

This query is : Resolved 

28 May 2011 It is possible for a company that company received in cash from share holder and vice versa.
kindly reply.

with regards,
sudip

28 May 2011 1. IF IT IS ONE OFF TRANSACTION THEN NO PROBLEM SEE 52 ITD 504
2. IF IT IS A REGULAR PRACTICE THEN SECTION 269SS MAY BE INVOKED SEE 49 ITD 566

CA MANOJ GUPTA
JODHPUR
09828510543



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