05 August 2020
I.t.assess purchases of new car value rs.12 lacs.payments details mentioned. 1.rs.9 lacs payment through on bank mode 2.rs.1,50,000/- payment through on cash mode. 3.rs.1,50,000/- payment through on cash mode in assess son individual account amount transferred. Question: Above transactions violation of sec 269 St provision and amount son account payee treatment shown in books
CAclubindia
