Pay amount show in books accepted in it act
This query is : Resolved
30 November 2021
Sir,
If a person(it assessee) borrowed money amount rs:1 lacs through on promissory note payment way by cash mode.
Question:
Above transaction accounting books entry passed accepted in it act.
If a person(it assessee) borrowed money amount rs:1 lacs through on promissory note payment way by cash mode.
Question:
Above transaction accounting books entry passed accepted in it act.
30 November 2021
AS PER SEC 269SS OF IT ACT, HE CANNOT EXCEPT THE SUM BY CASH.
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