INVESTMENT OF OTHERS MADE IN OWN NAME
This query is : Resolved
07 February 2011
DEAR SIR/MAM, I HAVE QUESY REGARDING MY CLIENT, WHO HAS INVESTED RS.1000000/- HIS OWN, 400000/- RECD IN CASH FOR INVESTMENT, 200000/- RECD THROUGH CHEQUE FOR INVESTMENT. AND ALL ABOVE INVESTMENTS ARE MADE IN CLIENT'S OWN NAME AND WILL RECEIVE MATURED AMOUNT WITH IN NEXT YEAR i.e. FY2010-11 ON WHICH TDS WILL BE DEDUCTED OF MY CLIENT, I HAVE 2 QUESTION 1. WHETHER THERE IS NEED OF STAMP PAPER TO 400000/- CASH ENTRY RECEIVED OR LETTERHEAD OF MY CLIENT STATING PURPOSE OF AMOUNT TAKEN IS ENOUGH 2.AND WHEN TDS WILL BE DEDUCTED ON ALL AMOUNT RECD. IS IT POSSIBLE TO TRF THAT TAX LIABILITY TO OTHER AND CLAIM REFUND FOR THAT AMOUNT ON WHICH OTHER PEOPLE READY TO PAY TAX. PLEASE ANS MY QUESTION AS EARLY AS YOU CAN PLS MAIL ME AT umesh_pawar1108@rediffmail.com or umeshpawar2021@gmail.com PLS ANS ME AS EARLY AS YOU CAN....THANKING YOU....
Guest
Guest
(Expert)
07 February 2011
Query is not clear
07 February 2011
You have to clarify -
1.Whether your client has taken loan in cash
of Rs 4.00lac ? & By chq Rs 2.00lac.
2.Nature of Investement to be clearly stated
3.Duration of such investment.
4. Whether you have shown the amount received from outsiders as loan?
1.Whether your client has taken loan in cash
of Rs 4.00lac ? & By chq Rs 2.00lac.
2.Nature of Investement to be clearly stated
3.Duration of such investment.
4. Whether you have shown the amount received from outsiders as loan?
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