Share Application money

This query is : Resolved

Pankaj (Querist)
Follow

06 November 2008 i am depositing cash in our account and made a account payee cheque in the name of the company for sahre application after some time company alloted me share,

is it violation of the section 269SS. if yes pls specify section 269SS in this regards

Pankaj

Pankaj (Querist)
Follow

06 November 2008 Dear All Members,

Please can any one answer the above questions?

S.Srinivasaraghavan

S.Srinivasaraghavan (Expert)
Follow

06 November 2008 What do you mean by 'i am'depositing cash in 'our account'

Pankaj

Pankaj (Querist)
Follow

06 November 2008 Firs, depositing cash in our bank Account after that paid to the company by account payee cheque for share application

S.Srinivasaraghavan

S.Srinivasaraghavan (Expert)
Follow

06 November 2008 You can do that, provided you can explain the source of cash deposited.

Pankaj

Pankaj (Querist)
Follow

07 November 2008 if the share applicant is not given such explanation to the company.

S.Srinivasaraghavan

S.Srinivasaraghavan (Expert)
Follow

07 November 2008 He need not give explanation to the company, but the shareholder may have to explain the source to IT authorities if asked.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

CA. MOHIT SHARMA

balamurugan

madhu sudan

Deepak Nayak

Rubal Singhal

Subscribe Now

Share Application money

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

CA Final

GST CONSULTANT

Article Assistant

GST CONSULTANCY

Manager- Finance and Compliance

Accountant