03 September 2009
hi, My first question is that , Mr X is the prop. in the concern & he is died on 1.11.2008 . the bal stands on tds payable on 31.10.2008 is 83000.00 . what is the due date of deposting the tds in the case of death.. somebody ask me that it is 31.12.2008.( same as 31st march tds on 31st may)..plz guide me to solve dis prob. My second ques is , after the death of mr X his son Y & Z become the partner & makes a partnership firm. from 2.11.2008 onwards.. Mr X takes a unsecured loan from His Son Y & Z amounts to Rs 500000 each & after the death, the Loan A/c of X & Y Tfr to his capital A/c.. my que is that wheather we consider this transfer entry from loan a/c to capital a/c is repayment of loan u/s 269 t & same is reported in audit report or not.. Thanks in Advance..
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