regarding purchase of property
CA Nitin Jain (Jaipur) (72 Points)
12 March 2019CA Nitin Jain (Jaipur) (72 Points)
12 March 2019
Umesh V Naig
(Statutory Analyst)
(452 Points)
Replied 12 March 2019
purchase of property is closed if it is registered under the Stamps duty act and registration unless other wise the ownership is not transfered
kindly analyse on this point to arrive at the AOs contention
CA Nitin Jain
(Jaipur)
(72 Points)
Replied 13 March 2019
Umesh V Naig
(Statutory Analyst)
(452 Points)
Replied 27 March 2019
yes any unexplained receipt or payment viz shown in current liability or current assets is the addition point for the AO , hence keep correspondence for not closing the entries