Easy Office
LCI Learning

Property purchase amount through on assessee bank

This query is : Resolved 

02 March 2022 Sir,
It assessee amount rs:25 lacs from friend through on bank account received after rs:25 lacs amount pay cheque to friend.friend rs:25 lacs amount purchase of property purpose used.
Question:
Assessess rs:25 lacs receipts and payments to friend transaction treatment in books and accepted in it act.

02 March 2022 Treat the money received from friend as Loan and create records to that extent.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries