RAJ KUMAR (FINANCE MANAGER) (1393 Points)
17 September 2010HELLO FRIENDS, IF A PERSON HAS RECEIVES RS. 350000 FROM WESTERN UNION MONEY TRANSFER AND INTRODUCES THIS AMT. AS FURTHER CAPITAL IN THE BUSINESS IN CASH.
WHAT ARE ITS OBLIGATIONS.
PLS. TELL WHETHER IT HAS TO BE GIVEN IN AUDIT REPORT OR CAN APERSON INTRODUCES CAPITAL IN THE CASH.
PLS. TELL ME. IT IS VERY URGENT.
Dinesh Kumar Agarwal
(Article clerk)
(117 Points)
Replied 17 September 2010
Capital can be introduced in cash.
Audit report Form 3CD does not ask for additions in capital.
Harpreet
(* * * * * *)
(1670 Points)
Replied 17 September 2010
But ITO can ask the same that where from you have introduced this capital amount.
CAclubindia
