Discussions Forum | ||
Home Forum Income Tax This | ||
A Public Forum. Anyone can participate to share knowledge. |
||
---|---|---|
We acknowledge the contributions of Experts/ Authors. | ||
Submit new Issue / Query |
||
repayment of loan by book entries , Income Tax |
||
|
||
repayment of loan by book entries |
||
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.
Posts / Replies Showing Replies 1 to 1 of 1 Records Page: 1
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. |
||