Violation of 269t ??

This query is : Resolved 

04 August 2015 Mr. X Took a loan of Rs.50000/- by account payee cheque. Mr. Y in repayment of the same, Booked his flight of Rs.25000/- from his own account and adjusted the same against the outstanding loan.


1. Any violation of 269 T
2. Any reporting required under Audit Report ?

04 August 2015 No any violations in such a case.

You can report the same in the table containing the details of loan repayment, that is all


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


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us



Answer Query