Payment to creditors
This query is : Resolved
27 April 2015
Sir,
Can advance for property standing in books as on 31st March be given to a creditor in lieu of his outstanding dues ?
Facts are : The Co. has closed its business and is in a cash crunch. It has "Adv for Property" (given to a builder) standing in books as on 31st March, but this property is still not registered in its name. Can this be used to settle its Creditors ?
Kindly answer my query.
Can advance for property standing in books as on 31st March be given to a creditor in lieu of his outstanding dues ?
Facts are : The Co. has closed its business and is in a cash crunch. It has "Adv for Property" (given to a builder) standing in books as on 31st March, but this property is still not registered in its name. Can this be used to settle its Creditors ?
Kindly answer my query.
03 May 2015
i didnt got ur querry
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
- SEC 54 OF IT ACT
- Where to show the RCM on Rent paid to unregistered landlord
- Is Aadhar PAN linking required for opening bank account?
- Form 26QB for TDS on property
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- DTCP approval
- TDS NUMBER SURRENDER
- Whether still royalty
- REGARDING GST ON COMMERICIAL PROPERTY
- RCM - commercial rent paid to URP under GST
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- 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
- Regarding Resignation by Auditor from Pvt. Ltd.
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
