Car purchases
This query is : Resolved
05 August 2020
I.t.assess purchases of new car value rs.12 lacs.payments details mentioned.
1.rs.9 lacs payment through on bank mode
2.rs.1,50,000/- payment through on cash mode.
3.rs.1,50,000/- payment through on cash mode in assess son individual account amount transferred.
Question:
Above transactions violation of sec 269 St provision and amount son account payee treatment shown in books
1.rs.9 lacs payment through on bank mode
2.rs.1,50,000/- payment through on cash mode.
3.rs.1,50,000/- payment through on cash mode in assess son individual account amount transferred.
Question:
Above transactions violation of sec 269 St provision and amount son account payee treatment shown in books
09 August 2020
It does not crosses 2 Lacs limit....
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Payment for sale in March and Sale deed registration to be done in April
- Treatment of TDS under Section 194-IA in case of cancelled property transaction
- Lifting and cross charges
- Unable to file 3B monthly return
- REGARDING ITR OF TRUST
- Capital Gain Amount
- Missing tan number searach procedure in income tax portal
- Payment of Stamp Duty on Share Purchase Agreement separately?
- Multiple warehouse
- REFUND OF GST TDS
- REJECTION OF CREDIT NOTE
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Spice form, ? mark comes in address
- Tds on GST in connection with sale to public company
- B2B Amendment
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- Regarding Advance Tax not claimed in the Return of Income for A.Y. 2025-26
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
