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Cash capital

KARANDEEP,CA,B.Com,CS FNL (JOB) (457 Points)

30 September 2011

I am having the problem regarding introduction of cash as we have cash in negative.is it possible to introduce cash capital by taking cash loan or any other alternative ..please help

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5 Replies

@rinssss (ca) (119 Points)
Replied 30 September 2011

IT is not reqiured that u must have cash balance also.

U could adjust -ve cash balance with bank n show cash at nil balance.

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(Guest)

ya u can introduce capital or take any loan by way of unsecured to make cash positive....

(Guest)

@ rinsss.... there is no provison as such but how u can spend cash till u dont have ... so we have to make cash +ve.

CA RICHA BADALIA (CA,CS) (1682 Points)
Replied 30 September 2011

Ya you can show cash loan taken but it should not exceed Rs. 20000/- as provided in section 269SS .A penalty of 100% of the loan amount will be charged if loan in cash exceeds Rs. 20000.

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