hi One and all,
A Schoo firm has collected 10 lakhs and it is not shown in the account.it is black cash, but its accountant has directly deposited the cash in Bank. how to rectify that huge amount
hi One and all,
A Schoo firm has collected 10 lakhs and it is not shown in the account.it is black cash, but its accountant has directly deposited the cash in Bank. how to rectify that huge amount
The School Collected in the form Fees(Not Recordable)
Collect name of the 500 local villegers and prepare a false donation registration.
Entry like Donation receive from this vilegers of Rs 20,000 each.
so the entire amount become donation hence not taxable
SMJ global advisors pvt ltd
New Delhi
B.Com
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Rahul Dang & Associates-Chartered Accountants
Pune
CA Inter
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SSGS and Associates
Chennai
CA Inter
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CAclubindia
