Share Application money in cash

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..... Share Application money in cash
Query (Issue) Started By: - LAXMIKANT ARORA Dated:- 27-6-2009 Last Reply Date:- 28-6-2009 Income Tax
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Income Tax
CAN A SHARE APPLICATION MONEY R .....

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..... ECEIVED IN CASH MORE THAN RS.20000/- Reply By Mukesh Kumar: The Reply: If u r talking about the applicability of Section 269SS or 269T of the Income Tax Act, 1961 - share application money can not b .....

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..... e held as loan or deposit of money.
Discussion Forum - Knowledge Sharing .....

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