3cd point no. 31(d)
This query is : Resolved
30 August 2017
ACCRODING TO LANGUAGE OF 31(D) OF 3CD,( 'amount received
otherwise than by a cheque or bank draft or use of electronic clearing system through a bank account' ) SHOULD WE HAVE TO DISCLOSE AN ASSET ACCEPTED IN FULL SETTLEMENT OF THE LOAN GIVEN?
PLEASE GUIDE!
otherwise than by a cheque or bank draft or use of electronic clearing system through a bank account' ) SHOULD WE HAVE TO DISCLOSE AN ASSET ACCEPTED IN FULL SETTLEMENT OF THE LOAN GIVEN?
PLEASE GUIDE!
30 August 2017
yes, you may do that. But a better course of action would be to show the same separately........any other matter which in the opinion of the tax auditor is important to be reported.
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