unsecured loans
This query is : Resolved
ravisaikumar
(Querist)
25 June 2010
wat is the effect in the balance sheet and income statement.if the company accepts unsecured loans in cash.U/s269ss
Aditya Maheshwari
(Expert)
25 June 2010
No effect on the B/s & P&L.
In computation of income the same may be added to the income of the assessee.
In computation of income the same may be added to the income of the assessee.
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