Menu
Reporting on Form 3CD
When we required to report on Clause no. 31(a) of form 3CD if amount of loan or advances received in cash >=20000 or amount of loan or advance received >=20000
Replies (3)
Clause 31(a) deals with acceptance of loan or deposit in an amount exceeding the limit specified in section 269SS (i.e. Rs. 20,000).
When required to report excess of Rs. 20000
a)Received In cash or
b)Otherthan cash or
c) in cash and other than cash
a)Received In cash or
b)Otherthan cash or
c) in cash and other than cash
Violation of Sec 40(A)3 is also there. Any amount paid in excess of Rs.10000 for business will be considered as disallowable expenditure.
Recent Threads
- Articeship Form 107
- TAN for Multiple States
- Delivery Challan serial number Issue and return ru
- After filing form 71 For TDS mismatch
- UNCLAIMED TDS REFUND QUERY
- Rcm payable which head
- Query of GST
- Long Term Capitalgains on sale of residential prop
- How Salaried Individuals Can Reduce Capital Gains
- NSTPI registration
Related Threads
CAclubindia
