Huge amount cash loans for visa purpose sec 68,69 applicable
This query is : Resolved
29 November 2023
Sir,
It assessess cash loans from different persons each person rs:19000/- total amount rs:15 lacs for daughter visa purpose.
Question:
1.huge amount from different persons sec 68 ,69 applicable
2.cash loans interest payments compulsory.
It assessess cash loans from different persons each person rs:19000/- total amount rs:15 lacs for daughter visa purpose.
Question:
1.huge amount from different persons sec 68 ,69 applicable
2.cash loans interest payments compulsory.
15 January 2024
Section 68 addresses unexplained cash deposits and investments, with Section 69 addressing penalties. As you have accepted cash loans, Section 68 is relevant. However, you must calculate interest on cash loans.
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
- Query Regarding on TDS section 194H and 194J
- NR GST NUMBER
- Fixed Deposit Claim Relinquishment by the Nominee
- ITR 6 Schedule CFL and UD Issues
- From 15CA for remittance by domestic travel agent by to Foreign Destination Management Company.
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- FREELANCING ACCOUNTANT
- Not a CA , can we prepare balance sheet
- For REQUIRE INDIVIDUAL GST
- GST Department hearing
- Query reg: Accounting standard, Indian Accounting Standard, IFRS, GAAP, Cost Audit, Frontend audit
- GST Refund SB005 Error
- PAYMENT TO OPEN AI AND ENVATO ELEMENT
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
