it will be treated as loan from c in the books of a. if c has deposited cash in its own account for D/D then there si no problem unless prov of sec 269ss will be apllicable on a
ca anchal lucknow On Thu, 04 Dec 2008 Jaysukh Mehta wrote : >Dear Members, > > > > > >My query is as under. > > > >A is a partnership firm. It has taken agency from Company B. It >is > >Required to pay deposit of Rs. 5 Lakhs to Company B by >partnership > >firm A for agency. > >C a third party taking a demand draft in favor of Company B from >bank > >by depositing cash of Rs. 5 lakhs and this draft given to >partnership firm >A. > >Firm A send this draft to company B. > >In the books of partnership firm A Deposit to Company B >debited > >and account of C is credited. > > > >My question is the amount of draft received from C third party >will be > >treated as Loan or currunt liabilities / creditor. If it is >treated as loan >than > >provision of Section 269SS is applicable or not ? > > > >Thanks and regards > >CA Jaysukh T.Mehta > >Bhuj Kutch Gujarat > >> --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Skorydov MyTaxAssistant Member Group" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/SkorydovMyTaxAssistant?hl=en -~----------~----~----~----~------~----~------~--~---
