Related to 269SS and 269T

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44 Points Posted on 20 October 2020
if we repayment nad loan taken through a entry that means if we not taken loan via any cash or bank but adjustment entry will be passed then also that that transaction will be shown in 3CD point 31
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On 20 October 2020 at 15:23 Report
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This discussion clarifies whether loan repayments made through adjustment entries, rather than cash or bank transfers, need to be reported in Form 3CD, specifically at point 31. The consensus is that all transactions must be reflected as per the audit statement. It also explores the correct reporting method for such entries, considering options like cheque, ECS, or others, and the importance of detailing the loan's origin and repayment method.

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Confidential
177 Points Posted on 20 October 2020
Yes u should
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On 20 October 2020 at 20:21
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Tax consultant
5895 Points Posted on 21 October 2020
In audit you have to show everything as per the statement and data for
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On 21 October 2020 at 01:05
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44 Points Posted on 21 October 2020
If we required to show this entry in 3CD then which option to be choose cheque ecs or other
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On 21 October 2020 at 13:50
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Tax consultant
5895 Points Posted on 21 October 2020
What is the way you take loan and from whom
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On 21 October 2020 at 13:53
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44 Points Posted on 21 October 2020
It is treated by adjustment entry
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On 21 October 2020 at 13:54
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Tax consultant
5895 Points Posted on 21 October 2020
That's I ask what is your adjustment entry
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On 21 October 2020 at 14:23
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44 Points Posted on 21 October 2020
One party of loan to be debited and other one credited..
that is
party (for payment ) a/c dr
To party (loan taken)
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On 21 October 2020 at 14:26

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