26 July 2024
I gave loan of Rs1800000/ to a party of which party returned me Rs600000/ by banking channel in April 2023.Now the remaining Rs12 lakhs party is not returning.I filed a case in court and party tells court he paid in cash Rs1200000/
I want to bring this matter in notice of Income tax department so that income tax department can take actions for concealment of income and showing false cash payments.please advise in this matter urgently.
CAclubindia
