AMOUNT EXCEEDING 20000
This query is : Resolved
Santhosh Poojary
(Querist)
07 March 2009
DEAR SIR,
IF I DEPOSIT RS 20,000 TO ANYOF MY RELATIVES BANK A/C, HOW MANY OF THIS AMOUNT IS TAXABLE..........?
SUPPOSE IF I DEPOSIT 15,000 & 10,000 ON SAME DAY BUT IN DIFFERENT TIME, IN THAT CASE ALSO THIS AMOUNT IS TAXABLE?? (AS TOTAL AMOUNT IS EXCEEDING RS 20,000 PER DAY)???????????????
PLEASE CLARIFY..................
THANKS IN ADVANCE.......
IF I DEPOSIT RS 20,000 TO ANYOF MY RELATIVES BANK A/C, HOW MANY OF THIS AMOUNT IS TAXABLE..........?
SUPPOSE IF I DEPOSIT 15,000 & 10,000 ON SAME DAY BUT IN DIFFERENT TIME, IN THAT CASE ALSO THIS AMOUNT IS TAXABLE?? (AS TOTAL AMOUNT IS EXCEEDING RS 20,000 PER DAY)???????????????
PLEASE CLARIFY..................
THANKS IN ADVANCE.......
Santhosh Poojary
(Querist)
07 March 2009
PLS REPLY QUICK AS POSSIBLE
07 March 2009
if u are depositing on the same day for expenses, then still exp is disallowable as per amendment by F.A 2008.
CA Nitin Wadhwani
(Expert)
08 March 2009
What is the purpose of the deposit?
Santhosh Poojary
(Querist)
08 March 2009
FOR REPAYMENT OF PERSONAL LOAN OF ONE MY RELATIVES.
CA Nitin Wadhwani
(Expert)
08 March 2009
Don't Worry.
Since it is a personal expenditure, it will not be disallowed.
Since it is a personal expenditure, it will not be disallowed.
Santhosh Poojary
(Querist)
10 March 2009
THANKS SIR..............
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