15 September 2012
dear experts, in my business due to cash deficit, i've received cash from my father's HUF a/c rs.19000 * 6 days (total receipt rs.114000) And 3 months later i repaid rs.114000 in 6 days.( rs.19000 each day) what will be the effect for this. pls clarify
15 September 2012
No Where Issue Arise. If Tax Audit is Applicable to Your Prop. Firm (Not Company), Then Only Section 29SS Attract When Cash Taken in Exceed 20k.
CAclubindia
