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unsecured loans

This query is : Resolved 
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(Querist)
25 June 2010 wat is the effect in the balance sheet and income statement.if the company accepts unsecured loans in cash.U/s269ss
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
25 June 2010 No effect on the B/s & P&L.

In computation of income the same may be added to the income of the assessee.

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