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EXCESS AMOUNT

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 October 2010 DEAR SIR
I MAKE INVOICE TO ONE CUSTOMER RS.1000/- AND THE CUSTOMER PAID TO ME RS.1100/- (ONLY ONE TRANSACTION IN THIS A/C,AND I DON'T WANT RETURN THIS AMT) HOW I WILL ADJUST THIS AMOUNT OF RS.100/- WHAT IS ENTRY PLEASE HELP ME
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CA SIDDHARTH MEHRA

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CA SIDDHARTH MEHRA (Expert)
24 October 2010 You may transfer the said Rs 100/- to Misc income. Offer this income to tax. There appears to be no apparent problem in such transfer.
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nilesh kshirsagar

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nilesh kshirsagar (Expert)
25 October 2010 ya agree with expert




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