income disclosed in survey u/s 133A
This query is : Resolved
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
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)
Cash
To Unexplained Income (P&L Cr)
If u r diclosing stock than
Stock
To Undisclosed Investment (P&L Cr)
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