Share application money
This query is : Resolved
11 June 2010
Can share application money of a private limited company be refunded in cash?is it neccessary that it should be refunded by cheque?
11 June 2010
there is no bar in return of share application money in cash but as matter of precaution and to avoid undue hardship by IT Officer it is better to pay by cheque. Sometiles the IT Officer treat it as refund of loan and add under Section 269T if repayment exceeds Rs. 20000/-
11 June 2010
Totally agree.
If you have option to refund through cheque...then refund it through cheque for proper recording and proof.
Thanks
If you have option to refund through cheque...then refund it through cheque for proper recording and proof.
Thanks
11 June 2010
Share application money refund recived cheque its proper documents for all feature documents.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- HSN Details in IFF/GSTR-1 & in GSTR 9
- Tax on capital gains revoked us 54f
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Refund of AY 22-23
- TDR receipts for agreement holder
- Inventory of finished goods
- Filing of Form 10BB instead of Filing Form 10B
- Sale of property furniture sale
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Confusion around Form 26QB fields
- MODEL FILLED AUDIT REPORT FOR TRUSTS IN FORM 10B
- 115TD on cancellation of 12A 80G Registration
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- CASE INTIMATION OF LIABILITY UNDER SECTION 73(5)(Rule 142(1A)
- Need to correct "Whether it is last installment " response in Form 26 QB
- GSTR3B IMS Deshboard ( Rec. Solution )
Trending Online Classes
CAclubindia
