Poonawalla fincorps
Poonawalla fincorps

Cash paid to share holder and received from them by company

This query is : Resolved 
Profile Image

Profile Image

(Querist)
28 May 2011 It is possible for a company that company received in cash from share holder and vice versa.
kindly reply.

with regards,
sudip
Profile Image

CA MANOJ GUPTA

Profile Image

CA MANOJ GUPTA (Expert)
28 May 2011 1. IF IT IS ONE OFF TRANSACTION THEN NO PROBLEM SEE 52 ITD 504
2. IF IT IS A REGULAR PRACTICE THEN SECTION 269SS MAY BE INVOKED SEE 49 ITD 566

CA MANOJ GUPTA
JODHPUR
09828510543

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


EasyOFFICE CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links