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repayment of loan by book entries , Income Tax |
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repayment of loan by book entries |
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is it correct to pass journal entries between two parties for repayment of loan i.e. Credit the outstanding loan of A and Debit the outstanding unsecured loan of B.
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No it will not be in accordance with the provisions of section 269T of the Income Tax Act. Page: 1 Old Query - New Comments are closed. |
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