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ABOVE TWENTY THOUSAND CASH RECEIPTS

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(Querist)
17 July 2009 DEAR SIR/ MADAM

ABOVE 20000 CASH RECEIPTS FROM PARTNERS IN PARTENSHIP FIRM AN DIRECTORS IN PRIVATE LIMITED COMPANY IS POSSIBLE OR THESE AMOUNTS ARE DISALLOWED UNDER SEC.269SS AND PENALTY RAISED. PLEASE TELL

THANKS IN ADVANCE
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CA.Tarun Maheshwari

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CA.Tarun Maheshwari (Expert)
17 July 2009 If the cash is brought as Capital, then it is allowed.
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rajesh

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rajesh (Querist)
17 July 2009 IF CASH ADVANCES RECIVED FROM DIRECTORS ABOVE TWENTY THOUSAND IS ALLOWED OR DISALLOWED IN SECTION 269SS.

NOTE: ADVANCE RECEIVED FROM DIRECTORS TOTAL 500000 WHOLE OF THE YEAR BUT NOT TAKEN IN TO COMPANY SINGLE PAYMENT ABOVE 20000.
PLEASE TELL

THANKS IN ADVANCE
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