Real estate Regulatory Authority
This query is : Resolved
Quick Summary
Shubham Nalawade
(Querist)
19 February 2024
Let's suppose builder wants to make payment to it's supplier of Rs. 10 lakh and he already submit form 3 with bank for withdrawal of funds from designated account.
bank accept form 3 and allow to withdraw Rs.30 lakh. Now builder want to use 10 lakh from designated account then here builder can make payment of RS 10 lakh directly from designated account to suppliers bank account or he need to transfer 10 lakh to his other account and then make payment to supplier bank account.
Let's suppose builder wants to make payment to it's supplier of Rs. 10 lakh and he already submit form 3 with bank for withdrawal of funds from designated account.
bank accept form 3 and allow to withdraw Rs.30 lakh. Now builder want to use 10 lakh from designated account then here builder can make payment of RS 10 lakh directly from designated account to suppliers bank account or he need to transfer 10 lakh to his other account and then make payment to supplier bank account.
Dhirajlal Rambhia
(Expert)
11 May 2024
Better to transfer it to another account, and pay it to supplier.
Dhirajlal Rambhia
(Expert)
10 September 2024
Good Luck.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- EPF ECR NEW FILE SEP 17TH 2026
- Capital Gail Exemption Certificate
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- GST on Renting godown to KFCSC for Storage of Raagi
- Oct 2025 Invoices
- TAX AUDIT ON PROFESSIONAL INCOME
- Capitalgain tax purposes for valuation report compulsory
- Under marginal scheme
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
