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Regarding sft transcation

R.vadivel (Accountant) (143 Points)

01 November 2021

sir
sft transaction 1200000 report (cash deposit without current account) in client 26as report how to solve this problem

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5 Replies

CA Raj Doshi (Practising CA) (8924 Points)
Replied 01 November 2021

Check with bank authorities. The amount is 12 lakhs so ideally cash is deposited in A saving account.

Some time client hides some bank accounts from CA. or
Take certificate from bank that they have done some wrong reporting and cash deposit during the year is only say 2 lakhs.

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CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 02 November 2021

Take a report from bank

CA Aakarsh Jain (CA) (10431 Points)
Replied 03 November 2021

Agreed with raj c doshi

1 Like

CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 03 November 2021

Yes I also agree

CA Raj Doshi (Practising CA) (8924 Points)
Replied 03 November 2021

In the competition for more points to reach to the top of the leader board, unnecessary comments like "Agree" , " I also agree" , on each and every forum thread is hampering such people's image and also makes queries feel CAClubIndia is worthless. Request everyone to maintain the decorum.

Request no more comments after this on this as well as other forums where the queries are solved.