Loan to debtor pay amount not showing

This query is : Resolved 

21 May 2022 Sir,
It assessee cash loan pay to debtor rs:4 lacs in f.y.2018-19 .this transaction not showing in books and it returns.if assessee cash loan rs:4 lacs amount received from debtor in f.y.22-23.
Question:
Assessess above mentioned loan transaction show procedure in books and it returns.

22 May 2022 It can be treated as sale receipt and brought in to books of accounts..



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries