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Fogetted to pass commission receiveable what next

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Querist : Anonymous

Querist : Anonymous (Querist)

27 August 2016 forgotten to pass commission receiveable entry in books of account during closing of FY 2014-15 , commisson received in bank account too in the month of april 2015 and it return has also filed. Now while prepareing for IT return for FY 2015-16 it came to notice

how to deal with it in books of account??

pls reply it's urgent

Thanks in advance

ACA Anurag

ACA Anurag (Expert)
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27 August 2016 Dear User, U have two option first revise the last return and include the commission income in your total income. secondly just pass a rectification entry in this year and consider it's income in current year Hope your query is resolved Kindly like if my response has helped you

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