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Income tax & accounts

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Querist : Anonymous

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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
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Zeeshan

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Zeeshan (Expert)
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.

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