I wanted to purchase a flat from my friend A. Mr.A is also purchasing a flat and was in need of funds. I managed some funds(10) from another source. It was deposited into my account in my absence.
forcing me to give Mr.A 3cheques.
Now, I am applying for Bank loan for the flat from friend A.
My friend Mr.X cannot disclose his source. Since I am a Govt Servant, I just want to know the treatment of 10 and how to deal with it. 
Menu
Help Please...
Replies (1)
As a government servant you cannot disclose the source. Even if you show that you have taken a loan, you need to give intimation to the government, which you cannot do. This is a bad transaction on your part.
The best way to deal with it is just to forget it.
Recent Topics :
- Last day for ITR-U for AY 2023-2024 (FY 2022-2023)
- Sale of shares in indian company by a non resident
- Difference in TIS
- GSTR-9C Upload Status Error Occured
- “Income Tax Implications of Company-Related
- Advice needed: Hypothetical case of non-filing of
- Demand Raised for Cess Amount Despite Section 89 R
- WRONG BILL NO FILED IN GST R1
- Addtional trade name for my another firm
- Commission / Agency Business without books: REAL E
Related Topics :
CAclubindia
