Violation of 269t ??
This query is : Resolved
Amit Kothari
(Querist)
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 ?
1. Any violation of 269 T
2. Any reporting required under Audit Report ?
Amol S Joglekar
(Expert)
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 can report the same in the table containing the details of loan repayment, that is all
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