Whether application money received by a public / private company in April will be covered as loan U/s. 269SS for Income Tax and if shares are not issued at close of books.
PANKAJ SHARMA
(ACCOUNTS MANAGER)
(79 Points)
Replied 04 September 2010
Yes application money received by a public / private company in April will be covered as loan U/s. 269SS for Income Tax and if shares are not issued at close of books.
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)