Sec 269 st applicable
This query is : Resolved
01 November 2020
One I.t. return sec 44ada professional income filed person cash
transactions different debtors in 19-20.
1.dt:20-05-2019 cash received old debtor(Mr.A) Rs:1,90,000/- through on cash mode single day
2.dt:15-08-2019 cash received from another old debtor(Mr.B) Rs:1,50,000/- through on cash mode single day
3.dt: 20-10-2019 cash loan paid to another new debtor(Mr .C) Rs:3,50,000/- through on bank mode .if same debtor same date Rs:1,50,000/- cash mode received .
.
Question:
Assess above cash transactions allowed in I.t. act sec 269 st and sec 40a(3) applicable
transactions different debtors in 19-20.
1.dt:20-05-2019 cash received old debtor(Mr.A) Rs:1,90,000/- through on cash mode single day
2.dt:15-08-2019 cash received from another old debtor(Mr.B) Rs:1,50,000/- through on cash mode single day
3.dt: 20-10-2019 cash loan paid to another new debtor(Mr .C) Rs:3,50,000/- through on bank mode .if same debtor same date Rs:1,50,000/- cash mode received .
.
Question:
Assess above cash transactions allowed in I.t. act sec 269 st and sec 40a(3) applicable
01 November 2020
It's less than 2 lacs cash receipts from each party it's allowed.
Message likes :
1 times
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
- Payment for sale in March and Sale deed registration to be done in April
- GST APPEAL ITC
- Treatment of TDS under Section 194-IA in case of cancelled property transaction
- REGARDING ITR OF TRUST
- Requirement of Form 15CA CB - Rent payment
- Surcharge on discretionary AOP/TRUST for AY 25-26
- If Material shift from dry port local egm details not refleting on ICE gate portal
- TDS U/S 194S VDA
- TCS Return Without PAN
- Unable to file 3B monthly return
- Youtube income
- Statutory Deduction-PF
- Credit rating model
- Surcharge applicability on LTCG loss
- Query regarding applicability of UDIN on MCA forms signed using DSC by a Chartered Accountant
- GST ON PERSONAL MOTORCAR SOLD
- Cash gift by grand mother to her grand daughter
- APPLICABILITY OF RCM ON MAN POWER SUPPLY BY UN REGISTERED PERSON TO REGISTERED PERSON.
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Spice form, ? mark comes in address
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
