Is there any restriction for giving Cash advance to Debtor or employee ?
Any penalty or disallowance ?
Refer Section 40A(3)
Rishi Mehta
(Ur friend )
(1533 Points)
Replied 02 March 2018
(i) Under Section 68:- unexplained cash credits,
(ii) Under Section 69:- Unexplained investments,
(iii) Under Section 69A :- unexplained money,
(iv) Under Section 69B undisclosed investments,
(v) Under Section 69C:-unexplained expenditure and
(vi) Under Section 69D:- amount borrowed or repaid on hundi
Abhijit
(CA )
(250 Points)
Replied 02 March 2018
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
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