Section 269ss
This query is : Resolved
16 November 2013
SALARY OF DIRECTOR OF A COMPANY. 75,000 P.M.
RS. 75,000 MARCH SALARY PAYABLE AS ON 31-03-2013
IF WE TRANSFER THE ABOVE PAYABLE AMOUNT IN UNSECURED LOAN ACCOUNT, IS THERE ANY VIOLATION OF SECTION 269SS? (CREATING UNSECURED LOAN BY JOURNAL ENTRY)
RS. 75,000 MARCH SALARY PAYABLE AS ON 31-03-2013
IF WE TRANSFER THE ABOVE PAYABLE AMOUNT IN UNSECURED LOAN ACCOUNT, IS THERE ANY VIOLATION OF SECTION 269SS? (CREATING UNSECURED LOAN BY JOURNAL ENTRY)
17 November 2013
Hi Kunal,
Refer the below link,where it is mentioned sec-269ss does not applicable in case of transactions taken place by passing journal entries.
http://taxguru.in/income-tax/section-269ss-269t-income-tax-act1961.html
Refer the below link,where it is mentioned sec-269ss does not applicable in case of transactions taken place by passing journal entries.
http://taxguru.in/income-tax/section-269ss-269t-income-tax-act1961.html
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