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Incometax

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 September 2017 M/s A & Co., and M/s B & Co., have common partners. For payment of purchase bill by A & Co., to the seller C. Money was settled by M/s.B& Co., and later on received the money from B & Co., For these txns what is the income tax impact
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Amol S Joglekar

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Amol S Joglekar (Expert)
27 September 2017 you can pass the appropriate entries in your books of account. That is all

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