TMI Blogrepayment of loan by book entriesX X X X Extracts X X X X X X X X Extracts X X X X ..... 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. - Reply By GOPALJI AGRAWAL - The R ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eply = No it will not be in accordance with the provisions of section 269T of the Income Tax Act. - repayment of loan by book entries - Query Started By: - KAMAL PODDAR Dated:- 19-2-2011 Income ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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