Form 3cd - doubt regarding loans and advances to relative
This query is : Resolved
28 March 2014
A person is carrying on a proprietory businees , and he is liable U/s 44AB.
During the F.Y 2012-13, he had advanced an amount of Rs.1,00,000/-, out of his business income, to his wife. Whether this transaction liable to be shown in Form 3CD. If yes, under which section it has to be disclosed?
During the F.Y 2012-13, he had advanced an amount of Rs.1,00,000/-, out of his business income, to his wife. Whether this transaction liable to be shown in Form 3CD. If yes, under which section it has to be disclosed?
28 March 2014
then in bal sheet he needs to show as advanced given.
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