Salaried person and i have a income tax query
This query is : Resolved
18 July 2013
I am a salaried person. One of my friend deposit some money through online transaction. Suppose in my office one friend take 50000/- cash from me and after 2 months he deposits 50000/- into my account by using online transaction from his account.
Now my query is that is this 50000/- is assume my income in income tax or not?
Is this 50000/- assume my extra income in income tax or not?
If this transaction is made by my brother then in that case it also known as my income in income tax?
I am too much confused about that...
Please let me know ASAP....
Now my query is that is this 50000/- is assume my income in income tax or not?
Is this 50000/- assume my extra income in income tax or not?
If this transaction is made by my brother then in that case it also known as my income in income tax?
I am too much confused about that...
Please let me know ASAP....
18 July 2013
If he can transfer online to you, you can also do so.
.
Tell your friend to withdraw cash from his account and give it back to you.
.
You need to say that your friend has given the amount as a loan , so you have repaid back.
.
Do not discuss cash loans with anybody.
.
.
Tell your friend to withdraw cash from his account and give it back to you.
.
You need to say that your friend has given the amount as a loan , so you have repaid back.
.
Do not discuss cash loans with anybody.
.
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
- ITR 2 Short Term gain & Long term gain
- Itr 1 processing
- Reporting Income under Section 44ADA
- Off Market debit and credit transaction
- Building and other construction workers welfare cess act 1996
- ITR returnFY25-26
- ITR validation error - Balance sheet is not filled
- ITR 1: Details for showing Exempt Income
- Bank Accounts in Balance Sheet for ITR 3
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Annual return of gst limit
- Delisted shares sold in off market/ Rebate u/s87A
- Error whiling application of GST REFUND (ANNEXURE B)
- While filing GSTR9 accountant couldn't entered the ITC values in Table 6, in 9C it is not accepting
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
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
