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Share Application money in cash, Income Tax

Issue Id: - 1303
Dated: 27-6-2009
By:- LAXMIKANT ARORA

Share Application money in cash


  • Contents

CAN A SHARE APPLICATION MONEY RECEIVED IN CASH MORE THAN RS.20000/-

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Showing Replies 1 to 1 of 1 Records

Page: 1


1 Dated: 28-6-2009
By:- Mukesh Kumar

If u r talking about the applicability of Section 269SS or 269T of the Income Tax Act, 1961 - share application money can not be held as loan or deposit of money.


Page: 1

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