Regarding adjustment

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

19 March 2013 Dear Sir,

Sir one of our client is LIC agent who have sold a house for which consideration of Rs. 35 Lac is credited in bank.

Now assessee have Cash withdraw up to Rs. 20 Lac from bank & paid to all person in cash whom he have to pay which we have not shown in books of account earlier. Now what type of adjustment should be done ?

Please guide me. Give some way to get out of this situation.

Thanking you in advance.

Querist : Anonymous

Querist : Anonymous (Querist)

21 March 2013 Please some one do reply

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