Just a moment...

⚠✕
❮ Top
☎ Help
☰
×

By creating an account you can:

Logo TaxTMI
>
Keyword Search :
AI Tools : New
Ask tax questions in natural language. Powered by AI trained on the TaxTMI legal database. Use AI Tools ➞
Call Us / Help / Feedback✕

Contact Us At :

✉ E-mail: [email protected]

✆ Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
╳
Add to...
You have not created any category. Kindly create one to bookmark this item!
✕
Create New Category
Hide
Title :
Description :

Print Options

+ Post a Query
Post a New Query ✕
Title :
0/200 char
Description :
Max 0 char
Category :
Delete Reply

Are you sure you want to delete your reply beginning with '' ?

Delete Issue

Are you sure you want to delete your Issue titled: '' ?

Discussion Forum

Back

All Issues

whatsappJoin Channel
Advanced Search ❮
Reset Filters
Search By:
Search by Text :
Press 'Enter' to add multiple search terms
Select Date:
FromTo
Category :
OR
Search by Issue ID:
NOTE: If you have inputs in both the fields, then results will be shown for issueId first.
Issue ID :
PrevPreviousNextNext

Share Application money in cash

LAXMIKANT ARORA

CAN A SHARE APPLICATION MONEY RECEIVED IN CASH MORE THAN RS.20000/-

Share application money in cash is not treated as a loan or deposit, so cash-loan/deposit restrictions do not apply. Share application money cannot be treated as a loan or a deposit for the purposes of cash-acceptance provisions, and therefore the prohibitions and constraints applicable to cash loans or deposits do not apply to share application money received in cash. (AI Summary)
Income Tax
answers
Sort by
+ Add A New Reply
Hide
Mukesh Kumar on Jun 28, 2009

If u r talking about the applicability of Section 269SS or 269T of the Income Tax Act, 1961 - share application money can not be held as loan or deposit of money.

+ Add A New Reply
Hide
Recent Issues