kollipara sundaraiah (B.com) 11 January 2021
i.t.assess Cash loan paid to another person (name mr.x)Rs:10 lacs single payment through on bank mode Dt:20-10-2020.
Cash loan paid to same person Rs:5 lacs (name mr.x)single payment through on bank mode Dt:20-11-2020.
question:
Assess cash receipts from person(debtor name Mr.x) Rs:1,90,000/- cash mode Dt:25-12.2020
Cash receipts from Mr.x Rs:1,90,000/- cash mode Dt:28-12-2020.
above cash transactions allowed sec 269st applicable in I.t. act.
kollipara sundaraiah (B.com) 11 January 2021
Money paid not a trading purposes . Assess some money lending to another person
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