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Share Application money in cash

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....hare Application money in cash<br> Query (Issue) Started By: - LAXMIKANT ARORA Dated:- 27-6-2009 Last Reply Date:- 28-6-2009 Income Tax<br>Got 1 Reply<br>Income Tax<br>CAN A SHARE APPLICATION MONEY RE....

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....CEIVED 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 be....

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.... held as loan or deposit of money.<br> Discussion Forum - Knowledge Sharing ....