Itr4s

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

21 August 2013 Dear Sir,
There is a column of - Type of Bank a/c in itr 4S -

1. Saving
2. Current
3. Cash Credit

Whether the Cash credit a/c means the Bank Limit A/c or it is another type of a/c.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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21 August 2013 Cash credit is the fund based borrowing account from bank

Querist : Anonymous

Querist : Anonymous (Querist)

22 August 2013 So the bank limit is not comes in this ?

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Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)
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22 August 2013 It is the Bank OD account. I.e Cash credit account shortly called as CC Account means Loan given by the bank against Stock. In simple words it is the working capital loan account.

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