Transfer entry of fund
This query is : Resolved
Bhavesh N Patadia
(Querist)
06 September 2012
dear sir
please fuie me regarding transfer entry of funds
there are Rs.500000 deposit in name of X in Pvt.ltd co &holder and Rs.300000 deposit in the name of Y. can Y's deposit to be transferd in X by passing J V entry ?
it is correct ?
please fuie me regarding transfer entry of funds
there are Rs.500000 deposit in name of X in Pvt.ltd co &holder and Rs.300000 deposit in the name of Y. can Y's deposit to be transferd in X by passing J V entry ?
it is correct ?
CA VISHNU GAVKARE
(Expert)
08 September 2012
no as both are different Entities.
Pankaj Kothari
(Expert)
08 September 2012
Yes, but income tax act will come to barigate such hawala entry
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