Itr4s
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 August 2013
Dear Sir,
There is a column of - Type of Bank a/c in itr 4S -
1. Saving
2. Current
3. Cash Credit
Whether the Cash credit a/c means the Bank Limit A/c or it is another type of a/c.
There is a column of - Type of Bank a/c in itr 4S -
1. Saving
2. Current
3. Cash Credit
Whether the Cash credit a/c means the Bank Limit A/c or it is another type of a/c.
21 August 2013
Cash credit is the fund based borrowing account from bank
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 August 2013
So the bank limit is not comes in this ?
22 August 2013
It is the Bank OD account. I.e Cash credit account shortly called as CC Account means Loan given by the bank against Stock. In simple words it is the working capital loan account.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
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