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BANK BALANCE

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Querist : Anonymous

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Querist : Anonymous (Querist)
14 December 2010 HELLO FRIENDS
I AM LITTLE CONFUSE, I WANT TO KNOW THAT MY MONTHLY BALANCE OF BANK BOOK IS NOT TALLY WITH THE BANK STATEMENTS BUT AT THE END OF THE 31ST MARCH IT IS TALLIED....
SO IS THERE ANY WRONG EFFECT ON POINT OF VIEW OF TAXATION?????

KINDLY HELP ME.............


REGARDS:
RAKESH CHAUHAN
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BHAI(SAI) DUPARE

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BHAI(SAI) DUPARE (Expert)
15 December 2010 Due to Bank reconciliation Opening Balance. Then it will be OK. But keep record Closing year open cheques
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CMA. Subhash Kumar Jha

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CMA. Subhash Kumar Jha (Expert)
15 December 2010 If you have proper records for reconciliation , then there is no need to worry.
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