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269 SS under income tax

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(Querist)
27 August 2010 Plz.explain in detail what is mean by "Squared up" of loan
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
27 August 2010 Loan taken which is repaid in full.
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CA. BIJENDER KR. BANSAL

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CA. BIJENDER KR. BANSAL (Expert)
27 August 2010 LOAN OPENING BALANCE OR LOAN TAKEN DURING THE YEAR IS REPAID IN FULL I.E NO CLOSING BALANCE OF LOAN , IS CALLED SQUARRED UP THE LOAN ACCOUNT.
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