Income tax & accounts
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 September 2011
Cash is negative and can i introduce the cash capital by taking cash loan from wife or relatives or any other person
30 September 2011
Only problem is Section 269SS & TT of Income Tax Act 1961.
If it exceeds the limit given in the abvove section i.e. Rs.20000/- then the same will be treated as your Income.
Apart from the above restriction, you are free.
If it exceeds the limit given in the abvove section i.e. Rs.20000/- then the same will be treated as your Income.
Apart from the above restriction, you are free.
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