SIR MY QUERY IS THAT IN ABC BALANCE SHEET 500000 IS STANDING AS UNSECURED LOAN OF XYZ
NOW ABC SALE HIS PROPERTY OF 500000 TO XYZ 'S BHABHI AND AMOUNT ADJUSTED BY BOOK ENTY . IS THIS ENTRY IS OK
Menu
Regarding entry in reference to income tax
Replies (2)
No IT's Not Ok in this case Capital Gain Come Into Play You Have To Calculate That Also... And Need One Written Agreement Copy For Squre of This Transaction
agree with mehul ji,
capital gain is come in force and unsecured loan is square up by an agreement
Recent Topics :
- GSTR-1 JSON from marketplace exports (Myntra / Ama
- Question on buy back of shares
- Saving corporate tax completely on profit from rea
- Hi experts need some helps
- A query regarding GST and Place of Supply:
- ADT-3 not filed by previous Auditor
- Revising salary on 24Q Q4 FY 25-26
- LTCG: Home Loan Principal Repayment?
- Ims action relationship query
- GIFT REGARDING
Related Topics :
CAclubindia
