ABOVE TWENTY THOUSAND CASH RECEIPTS

This query is : Open

rajesh (Querist)
Follow

17 July 2009 DEAR SIR/ MADAM

ABOVE 20000 CASH RECEIPTS FROM PARTNERS IN PARTENSHIP FIRM AN DIRECTORS IN PRIVATE LIMITED COMPANY IS POSSIBLE OR THESE AMOUNTS ARE DISALLOWED UNDER SEC.269SS AND PENALTY RAISED. PLEASE TELL

THANKS IN ADVANCE

CA.Tarun Maheshwari

CA.Tarun Maheshwari (Expert)
Follow

17 July 2009 If the cash is brought as Capital, then it is allowed.

rajesh

rajesh (Querist)
Follow

17 July 2009 IF CASH ADVANCES RECIVED FROM DIRECTORS ABOVE TWENTY THOUSAND IS ALLOWED OR DISALLOWED IN SECTION 269SS.

NOTE: ADVANCE RECEIVED FROM DIRECTORS TOTAL 500000 WHOLE OF THE YEAR BUT NOT TAKEN IN TO COMPANY SINGLE PAYMENT ABOVE 20000.
PLEASE TELL

THANKS IN ADVANCE

Upgrade to CAclubindia Pro. Subscribe Now!