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.
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.
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