repayment and acceptance of loan?
This query is : Resolved
madhur gupta
(Querist)
17 September 2008
hello friendz
is it amount to repayment or acceptance of loan by passing journal entry only or there is need to recieve n pay cheque
ex.1 co. has to get from co.2 n co.2 has to get money from co.3
co. one 1 has to pay money to co.3
like such situation ......
now will it amount to repayment or acceptance of loan by passing just journal entry
and how we will show it under tax audit u/s269ss n 269t bcoz we write there that no loan has been repaid otherwise than by account payee cheque. so how we will show it?
thankx
is it amount to repayment or acceptance of loan by passing journal entry only or there is need to recieve n pay cheque
ex.1 co. has to get from co.2 n co.2 has to get money from co.3
co. one 1 has to pay money to co.3
like such situation ......
now will it amount to repayment or acceptance of loan by passing just journal entry
and how we will show it under tax audit u/s269ss n 269t bcoz we write there that no loan has been repaid otherwise than by account payee cheque. so how we will show it?
thankx
Late CA Sampat Jain
(Expert)
22 September 2008
IT VIOLATES 269SS/269T
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
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Capital Gail Exemption Certificate
- Issuing of delivery challan by seller of goods
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Taxation of crypto futures in India Fy 2026- 2027
- Oct 2025 Invoices
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- 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
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
