MR. A TRADER (TN) TO MR C (AP) CR.SALES .RS250000/- PER BILL FOR OTHRE STATE. MR C CASH DEPOSITED IN Mr A CURRENT A/C . ITS CASH TRASCATION?
T.T.VIJAYAPRAKASH (properter) (253 Points)
08 May 2017MR. A TRADER (TN) TO MR C (AP) CR.SALES .RS250000/- PER BILL FOR OTHRE STATE. MR C CASH DEPOSITED IN Mr A CURRENT A/C . ITS CASH TRASCATION?
CA Rashmi Gandhi
(Chartered Accountant)
(86308 Points)
Replied 08 May 2017
Ronak jain
(Articleship )
(3 Points)
Replied 09 May 2017
I THINK SHE IS RIGHT @ 200000/-
the rational behind the word electronic clearning through bank a/c also include deposit to current a/c. therefor the above transaction does not violated the pro. of 269ST.
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Course on Foreign Exchange Management Act (FEMA)(without recording)