An agreement for loan has to be accepted by AO unless proved fraudulent

Vivek Jalanpro badge , Last updated: 12 September 2023  
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Vide Finance Act, 2012, it was provided that the nature and source of any sum, in the nature of share application money, share capital, share premium or any such amount by whatever name called, credited in the books of a closely held company shall be treated as explained only if the source of funds

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Vivek Jalan
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Category Income Tax   Report

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