Transfer of money from bank a/c
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 April 2010
Dear Expert,
I have received some amount (more than 20000) from my freind (Let A) though by bank. Firstly my freind (A) transfer amount to his freind a/c (Let B), then his freind B transfer it to me.
Now can I directly return the money to my freind A's a/c or I hav to transfer it to his freind B then B make transfer it to A.
Suggest......
I have received some amount (more than 20000) from my freind (Let A) though by bank. Firstly my freind (A) transfer amount to his freind a/c (Let B), then his freind B transfer it to me.
Now can I directly return the money to my freind A's a/c or I hav to transfer it to his freind B then B make transfer it to A.
Suggest......
02 April 2010
Transfer it to B and transfer to A
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 April 2010
Can I transfer it to directly A
03 April 2010
See u have received amount from B. So you should not be concerned from where B has got the money and u will be showing that amount is due to be paid to B. So you should pay to B only.
If u have recorded in the books the amount is received from A then pay to A directly otherwise not though the first transaction is not correct accounting.
If u have recorded in the books the amount is received from A then pay to A directly otherwise not though the first transaction is not correct accounting.
03 April 2010
right....
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
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Confusion around Form 26QB fields
- GST ON EXPORT COMMISSION
- RCM INVOICING FROM NOV-2024
- Tds on building rent monthly
- Disallowance of Section 43B(h) to sez units
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- 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
Trending Online Classes
CAclubindia
