Query in 3CD for Loan

You mean to say that the Relative makes payment of Income Tax on behalf of your client and the Relative's account is shown as an Unsecured Loan in your client's books of accounts. 

If this is so, then you have to mention the Amount of Unsecured Loan, from whom the Unsecured Loan is taken (along with PAN), Amount repaid against the Loan taken with the Mode of Payment.

Regards,

Devendra. K

In 40A(2b) u need not show anything..

Bt in annexure of 269SS & 269T, u need to show it as repayment..

Agree with Rupesh.

NO NEED FOR DISCLOSURE U/S 40A(2b),BUT DISCLOSURE U/S 269SS&269T SHOULD HAVE TO BE MADE

yes ,u need to show u/s 269ss or 269 t as case may be

u mean to say that all the adjusments will be taken as repayment ????

Ya all adjustments have to be taken as repayment..

many people are of the view that it can be mentioned that there is a running/current a/c of the party & that the year end balances along with the fact that payments are cumulative total can be mentioned...