loan receives from fictitious person less than 20000 how to deal with that
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Sec 269ss misuse how to deal
Replies (3)
Paid cash and account balance will be NIL. ( no need to disclose in 269SS)
no need to take confirmation for the tax audit
if such balances would appear in balance sheet then confirmation and 269SS would apply,
better to put such amounts in "advance from customers"
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