Law
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 September 2012
i have incorported new pvt. ltd.co of x. ihave received amount of rs.1,00,000 from various shareholders in the form of cash and not in the form of a/c payee cheque and passed the entry
cash a/c dr.
to equtiy shares. is there any violatoin of co.act or income tax act plz solve my query
cash a/c dr.
to equtiy shares. is there any violatoin of co.act or income tax act plz solve my query
Amol S Joglekar
(Expert)
15 September 2012
No violation. You can very pass the entry.
SANYAM ARORA
(Expert)
15 September 2012
No there is no violation in the same.
Just keep the copy of receipt issued.
Just keep the copy of receipt issued.
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