Loan of Rs18 lakhs given from my gst proprietorship firm
This query is : Resolved
11 April 2024
I have given a loan of Rs1800000/ from my proprietorship firm to a individual and he returned back me Rs600000/ in may 2023.Now he is not returning balance money to me and denying me receipt of any money although all transactions are done through banking channels. How can I recover my money by informing income tax authorities? Please advise?
11 April 2024
Pl provide me a solution for this as party have shown payment to me by making payment to some other party.
12 April 2024
File case in court of law.
12 April 2024
Will income tax department take any action?
12 April 2024
Income tax department will not take any action.
12 April 2024
I have shown bad debts but party have shown payment to other person.so income tax may make case for concealment of income.
12 April 2024
Income tax will not deal in such cases.
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