Stock stolen from shop
This query is : Resolved
19 September 2011
THANK U VISHRUTH GARU
ACTUALLY MY PROBLEM IS LIKE THIS- (1)I HAVE CREDITED PURCHASES BECAUSE THE STOCK STOLEN
(2) STOCK STOLEN(UNDER GROUP EXPENSES) DEBITED-- AND-- PURCHASES CREDITED
(3)SIR STOCK STOLEN IN FY-2010-11(AY2011-12),CASH RECEIVED IN THE FY-2011-12(AY2012-13).NOW I AM FILING INCOMETAX RETURNS UPTO 31.03.2011 FOR 2010-11 , ,CAN I SHOW RECEIPT OF AMOUNT IN 2010-11 RETURNS.
(4)CASH RECEIVED FOR THIS CASE WHEN I HAVE TO SHOW 2010-11 OR 2011-12 FY
PLEASE HELP ME
ACTUALLY MY PROBLEM IS LIKE THIS- (1)I HAVE CREDITED PURCHASES BECAUSE THE STOCK STOLEN
(2) STOCK STOLEN(UNDER GROUP EXPENSES) DEBITED-- AND-- PURCHASES CREDITED
(3)SIR STOCK STOLEN IN FY-2010-11(AY2011-12),CASH RECEIVED IN THE FY-2011-12(AY2012-13).NOW I AM FILING INCOMETAX RETURNS UPTO 31.03.2011 FOR 2010-11 , ,CAN I SHOW RECEIPT OF AMOUNT IN 2010-11 RETURNS.
(4)CASH RECEIVED FOR THIS CASE WHEN I HAVE TO SHOW 2010-11 OR 2011-12 FY
PLEASE HELP ME
19 September 2011
not clear that cash received against what? if its insurance claim for stolen goods, then provision must be made for insurance claim in the year 2010-11 and neutralized in 11-12
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