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Outstanding ledger balance adjustment allowed

This query is : Resolved 
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online

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online (Querist)
18 July 2021 Sir,
Sec 44ada professional income it returns filed person creditor and debtor outstanding ledger balance as on 31-03-21(year:20-21) in books.
Cash loan to debtor balance Rs:4 lacs
Cash loan from creditor balance Rs:3 lacs
1.F.y.21-22 cash loan from creditor balance amount rs:3lacs amount transferred to cash loan to debtor balance amount adjustment journal entries passed in books.
2.remaing outstanding balance amount rs:1 cash received from debtor
Question:
1.assess journal entries passed in books allowed in it act(sec 269ss and sec 269t provision applicable)
2.remaing rs:1 lacs cash receipts allowed in it act.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
23 September 2021 1. Not allowed as the creditors & debtors re not same persons.
2. No not allowed....
But generally, books are not required to be produced.
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