Share application money payment in cash
This query is : Resolved
01 September 2012
a person make payment of rs 5 lacs in cash towards share application money. it is allowed or not
01 September 2012
yes, there are no restriction on payment of share applicatiom money to be paid by way of cash
restriction only for payment of expenese,accepting loan and repayment of loan
restriction only for payment of expenese,accepting loan and repayment of loan
01 September 2012
Courts have given divergent views based on section 269SS of the IT Act,1961.
One, among others, against the company is the judgment
of the High Court of Jharkhand in Bhalotia Engineering Works (P) Ltd reported in (2005) 275 ITR 399.
One, among others, against the company is the judgment
of the High Court of Jharkhand in Bhalotia Engineering Works (P) Ltd reported in (2005) 275 ITR 399.
01 September 2012
Share Application Money Exceeding 50000 Cant Received in Cash.
and as Per Preferential Rules Also, No Public Company Can Receive Application Money in Cash.
and as Per Preferential Rules Also, No Public Company Can Receive Application Money in Cash.
01 September 2012
Share Application Money Exceeding 50000 Cant Received in Cash in IT.
and in Co Act,as Per Preferential Rules Also, No Public Company Can Receive Application Money in Cash.
and in Co Act,as Per Preferential Rules Also, No Public Company Can Receive Application Money in Cash.
01 September 2012
Share Application Money Exceeding 50000 Cant Received in Cash in IT.
and in Co Act,as Per Preferential Rules Also, No Public Company Can Receive Application Money in Cash.
and in Co Act,as Per Preferential Rules Also, No Public Company Can Receive Application Money in Cash.
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
- About TDS & Income Tax
- Scrutiny and reopening of past returns
- Under construction property in ITR
- PPF interest-As Exempt Income disclosure
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- Upload Level ValidationITR3Category of Defect B/D
- Booth for sales promotion
- Not able to file ITR
- Building tax payment deduction in rental Income
- VALUATION OF PRIVATE LIMITED COMPANY SHARES
- LIABILITY ADJUSTMENT
- Capital Gains on sale of residential flat
- Accounting with Claude
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
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
