Twinkal Shah (CA) (60 Points)
18 February 2016one of the clients has paid monthly premium for a stock insurance policy in cash and that too above 20000...... accordingly this will be disallowed, right? But the client says that they did so on request of insurance company?
WHAT ARE THE CONSEQUENCES NOW?
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 18 February 2016
I think even then it will be disallowed unless it can fall under exemption u/r 6DD
Twinkal Shah
(CA)
(60 Points)
Replied 18 February 2016
ya thts wat i thot, coz ths is not under exception of 6dd nd so it shud b disallowed.
lokesh
(article clerk)
(28 Points)
Replied 20 February 2016
lokesh
(article clerk)
(28 Points)
Replied 20 February 2016
Twinkal Shah
(CA)
(60 Points)
Replied 23 February 2016
okay thanks......
its 30000..... still m nt sure.....
CAclubindia
