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income disclosed in survey u/s 133A

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(Querist)
12 May 2010 What will be the accounting treatment of income disclosed(voluntarily) during survey u/s 133A, whether the same is allowed to be accounted
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Chirag B Shah

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Chirag B Shah (Expert)
12 May 2010 If you r disclosing cash than accounting entry u have to pass in books is

Cash
To Unexplained Income (P&L Cr)

If u r diclosing stock than

Stock
To Undisclosed Investment (P&L Cr)

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