Demonetisation
Vipin Jain (14 Points)
27 November 2016Vipin Jain (14 Points)
27 November 2016
Mohan
(Audit Assisstant & Accounts Manager)
(489 Points)
Replied 27 November 2016
Gautamkumar singh
(student)
(33 Points)
Replied 27 November 2016
Originally posted by : Mohan | ||
So long as bank has accepted the currency forget about demonetization and give regular treatment. |
Ya, but many traders are trading in cash and not adequate depositing into bank,from this point of view what will be consequenses if trader deposit old notes (rs.5 lac) .pls suggest mohan sir.
RAM KUMAR GOEL
(PROPRIETOR)
(87 Points)
Replied 28 November 2016
Mohan
(Audit Assisstant & Accounts Manager)
(489 Points)
Replied 28 November 2016
Mohan
(Audit Assisstant & Accounts Manager)
(489 Points)
Replied 28 November 2016
Vipin Jain
(14 Points)
Replied 28 November 2016
Sir how can it be conidered as income from undisclosed source,
The source is very genuine and being disclosed,
Moreover I am not sure if Sec. 69 deals with undisclosed income or income from undisclosed source,
Mohan
(Audit Assisstant & Accounts Manager)
(489 Points)
Replied 28 November 2016
Mohan
(Audit Assisstant & Accounts Manager)
(489 Points)
Replied 28 November 2016
RAM KUMAR GOEL
(PROPRIETOR)
(87 Points)
Replied 29 November 2016
Mohan
(Audit Assisstant & Accounts Manager)
(489 Points)
Replied 29 November 2016
Vipin Jain
(14 Points)
Replied 29 November 2016
Sir , I feei acceptance of non- legal tender and unexplained income are two different issues.
Howcome acceptance of non-legal tender can be regarded as offence under income tax-act.
Moreover even the banks are being allowed to settle their loans from the amount received in SCBs.
Vipin Jain
(14 Points)
Replied 29 November 2016
Sir.
I feel acceptance of non-legal tender and income from undisclosed source or undisclosed income are two different things.
How can acceptance of non-legal tender penalized under income tax act.
Moreover even the banks have been allowed to accept SCBs in settlement of their dues.
Mohan
(Audit Assisstant & Accounts Manager)
(489 Points)
Replied 29 November 2016
Mohan
(Audit Assisstant & Accounts Manager)
(489 Points)
Replied 29 November 2016
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India