ICICI

Cash and online transaction


karan (nothing)     16 July 2019

karan
nothing 
 31 points

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I need urgent cash of Rs.100000 , so my father gives me Cash , then on same day I transfer Rs.100000 Online into his bank Account. I like to know how this things enter in my tally. 

Please guide me step by step..

Thanks

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Abdulla Bhanpurawala   16 July 2019

Abdulla Bhanpurawala

 9 points

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in cash we can give only 20000/- loan in a year and repayment by way of banking mode only. so you can't take 100000/- cash loan

karan (nothing)     17 July 2019

karan
nothing 
 31 points

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how to do entry of this in tally... Guide please..

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Abdulla Bhanpurawala   17 July 2019

Abdulla Bhanpurawala

 9 points

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create ledger of your father in loans liability head.and when you receive payment credit the account

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Bessmisla (pretty sure)     17 July 2019

Bessmisla
pretty sure 
 24 points

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Still can be some problem with taxes?


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