13 July 2015
1) WHETHER CO-OPERATIVE CREDIT SOCIETY IS COVERED UNDER SCOPE OF REPORTING OF ACCEPTANCE OR REPAYMENT OF LOANS OR DEPOSITS FOR GREATER THAN Rs. 20,000/-????
2) AS WORDS OF SECTION 269SS AND 269T SAYS THAT IF THE LOANS AND DEPOSITS ARE EXCEEDING Rs. 20,000 OR OUTSTANDING BALANCE IS EXCEEDING Rs. 20,000 THAN IT SHOULD BE REPORTED... DOES IT MEANS THAT IF LOANS OR DEPOSITS ARE TAKEN OR REPAID ABOVE Rs. 20,000/- AND BY MEANS OF ACCOUNT PAYEE CHEQUE THAN IT IS NOT REPORTED UNDER 269SS AND 269T??
13 July 2015
YOU MEAN TO SAY THAT IF LOANS OR DEPOSITS ARE TAKEN ABOVE Rs.20,000/- AND BY MEANS OF ACCOUNT PAYEE CHEQUE, NO REPORTING IS REQUIRED UNDER CLAUSE 31 OF FORM 3CD?
13 July 2015
YOU MEAN TO SAY THAT IF LOANS OR DEPOSITS ARE TAKEN ABOVE Rs.20,000/- AND BY MEANS OF ACCOUNT PAYEE CHEQUE, NO REPORTING IS REQUIRED UNDER CLAUSE 31 OF FORM 3CD?
13 July 2015
IF WE HAVE REPORTED ALL TRANSACTIONS ABOVE Rs. 20,000/- OR MORE BECAUSE IT IS NOT POSSIBLE TO CHECK EACH AND EVERY TRANSACTIONS WHETHER BY ACCOUNT PAYEE CHEQUE OR NOT. WILL IT BE OK?
13 July 2015
ALSO, AS SAID CO-OPERATIVE CREDIT SOCIETY IS COVERED MEANS ALL DEPOSITS i.e. FIXED DEPOSITS (WHICH ARE MOSTLY IN CASH) WILL BE REPORTED HERE?
IS IT PRACTICALLY POSSIBLE TO REPORT SUCH LARGE NUMBER OF TRANSACTIONS B'COZ IN CASE OF CO-OPERATIVE CREDIT SOCIETY QUANTUM IS VERY LARGE?
CAclubindia
