Easy Office
LCI Learning

Loan without interest

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
15 September 2012 Internal transaction of receipt & payment between father & sons without Interest how it shown in audit report.also whether necessary to state as current a/c in column of maximum outstanding in annexure 2 of form 3CD.
Profile Image

CA AYUSH AGRAWAL

Profile Image

CA AYUSH AGRAWAL (Expert)
15 September 2012 If a prop. Firm Tax Audit Case is There, If Transaction Exceeding 20k Then Need to report Under 269SS Head in tax Audit.
& Maximum Amount U Have Take Out.
Profile Image

CA CS Amit S. Kedia

Profile Image

CA CS Amit S. Kedia (Expert)
15 September 2012 Maximum amount O/s shall be reported only if the transaction is made through cash.
Upgrade to CAclubindia Pro. Subscribe Now!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links