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Share application money

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 July 2012 can share application money taken in cash from directors and others
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CA. Sunil Kumar

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CA. Sunil Kumar (Expert)
15 July 2012 Yes it can be.

but the person paying the same may be asked by deptt for source in case of assessement/secruity.

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