Loan accepted in excess of rs.20000/- & returned
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 July 2012
Thanks in Advance
I have one query that one of my client has taken loans from relatives in excess of Rs.20000/- for her medical treatment since she was hospitalized and hospital was not accepting cheques or DD so compulsorily their relative had to deposit cash in hospital for her treatment. So my question is whether penalty will be levied since she has accepted and after discharge repaid the amount of loan in excess of Rs.20000/-. Prompt Reply is necessary.
I have one query that one of my client has taken loans from relatives in excess of Rs.20000/- for her medical treatment since she was hospitalized and hospital was not accepting cheques or DD so compulsorily their relative had to deposit cash in hospital for her treatment. So my question is whether penalty will be levied since she has accepted and after discharge repaid the amount of loan in excess of Rs.20000/-. Prompt Reply is necessary.
12 July 2012
you needs to mention full particulars of your case.. amount can be spread in more than one entry in different days....(its a usual way)
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Credit profit and loss account in case of bonus share received
- How to determine cost of acquisition of shares on De-merger or Merger
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
