Mr. A had paid Rs 400000 to Mr. B which comprises of Rs 2 lakh as payment towards supervision charges and Rs 2 lakh as refundable security. However, refundable security was long outstanding in the books of Mr. B and now has been added in the income of Mr. B. However, which has been paid during the course of proceedings and copy of challan and bank statement of both the parties has been attached.
Any case that will enhance the content of the reply to the department.
You need to submit the contract clearly specifying the amount as security deposit along with receipt of the even date.
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