Cash transfer
This query is : Resolved
Kollipara Sundaraiah
(Querist)
20 October 2020
Assess maintenance two business.(same proprietor two business)
But assess 2 and business closed. Cash balance rs:10 lacs in 2nd business.
Question:
Assess cash transfer rs:10 lacs cash mode from 2nd business firm to 1 st business firm single transaction sec 269 st provision applicable in I.t. act.
But assess 2 and business closed. Cash balance rs:10 lacs in 2nd business.
Question:
Assess cash transfer rs:10 lacs cash mode from 2nd business firm to 1 st business firm single transaction sec 269 st provision applicable in I.t. act.
CA R SEETHARAMAN
(Expert)
21 October 2020
269st not applicable in view single proprietor.
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