Shares transaction money pooled from friends
This query is : Resolved
26 April 2022
Sir,
A it person some shares transaction money pooled from friends and relatives received through on online mode.
Question:
1.Money pooled from friends and relatives
transaction show procedure in it act.
2.money received amount minimum and maximum rate interest paid in it act.
3.tax applicable on pooled money amount.
A it person some shares transaction money pooled from friends and relatives received through on online mode.
Question:
1.Money pooled from friends and relatives
transaction show procedure in it act.
2.money received amount minimum and maximum rate interest paid in it act.
3.tax applicable on pooled money amount.
30 April 2022
1. Declare it as loan (need to be confirmed by payee)
2. Near about bank landing rates.
3. Tax applicable to interest income received by loan payee.
2. Near about bank landing rates.
3. Tax applicable to interest income received by loan payee.
Message likes :
2 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
- CAPITAL GAIN REDEVELOPED FLAT
- Requirement under FEMA &RBI
- CLOSING STOCK QUERY
- Sale of Mutual Funds In Diffirent Financial Years
- CASH GIFT FROM BLOOD RELATIVE
- Query regarding TDS on EPFO Higher Pension Arrears- under wrong section
- ITR 44AD SECTION
- DUE DATE FOR ITR FILING
- Error in uploading Form 10BD
- Missed TDS
- REGARDING ITR FILING QUESTION
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
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
