My company has received some share applications in Cash. But due to Income Tax issues, I refund the cash and I ask the parties to give me cheques. Due to it being year end I am in no mood to encash the cheques now. However, I am ready to allot shares based on such "cheque in hand"? How prudent is my decision from ROC as well as Income Tax point of view?
Should I retain some cash application and allot shares based on partly cash and partly cheque application. Pls advise.
Which One Would You Prefer? Investing in the Stock Market Vs Holding Cash in Hand Putting your money in the securities market is risky yet profitable. Whereas, holding that cash is ineffectual
https://holisticinvestment.in/blog/investing-in-the-stock-market-vs-holding-cash-in-hand/
Regards
Ramalingam K, MBA, CFP,
Director and Chief Financial Planner,
Holistic Investment Planners
“Best Performing Financial Advisor Award” Winners from CNBC TV18
CAclubindia
