30 October 2022
Sir, Sec 44ada it assessess cash loans from creditor and cash loan to debtors ledger balance amount show in books as on dt: 31-03-22. Cash loan from creditor (son) balance amount rs:10 lacs Cash loan to debtors (daughter) balance amount rs:15 lacs. Question: Assessess cash loans from creditor rs:10 lacs amount transferred to cash loan to debtor account adjustment entry passed in books accepted in it act f.y.22-23.
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