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Payment received from 3rd person other than debtors, Income Tax

Issue Id: - 113206
Dated: 15-12-2017
By:- SHAAN NISHA

Payment received from 3rd person other than debtors


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Hi Everyone,

I want to know that if I acccept payment from third person on behalf of debtor than what compliance we need to follow? and which additional document we need to maintain?

Eg. Firm Name - A Debt - B (amount 10000/) third person - c We accept payment from c On the behalf of B.

Thanks in Advance

Shan


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Showing Replies 1 to 1 of 1 Records

Page: 1


1 Dated: 24-7-2018
By:- DR.MARIAPPAN GOVINDARAJAN

You may get the ascertainment from B that C would pay the dues for him and get the assent of C in agreeing to pay the debt of B to you.


Page: 1

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