20 December 2010
I have got an offer from one party wherein i have to deposit/tranfer Rs. 1 crore to his account he will pay the cash advance then only i have to transfer this amount, he will pay then 16,00,000// please clarify whether it is lawful or can we make this transfaction please clarify
20 December 2010
as transfer is Undisclosed For What This Transfer Made & Accordingly This will Be Treated as Undisclosed Income & same will be Charged to IT.