Wrong credit into account
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 May 2013
The Banker has credited amount twice into my account. how do i justify the duplicate entry for filing income tax. should i declare a unknown credit into account or obtain a written confirmation from the banker. The wrong credit has been rectified in subsequent financila year. please guide.
03 May 2013
You need not to show such wrong credited amount as unknown credit and offering as income for tax purpose because of it is the mistake of the bank as well as you find out the reason of the credit.
So you need not to treat it as income for income tax purpose. As well as for any further or in future requirement and evidence you shall obtain a certificate from the bank for the wrongly crediting into your account by mistake on the date vide transaction no XXX and the same has been rectified later on the date vide transaction no XXX and we are certifying the mistake is committed by us only the client didn't have any interest in this regards.
OM SAI SRI SAI JAI JAI SAI
So you need not to treat it as income for income tax purpose. As well as for any further or in future requirement and evidence you shall obtain a certificate from the bank for the wrongly crediting into your account by mistake on the date vide transaction no XXX and the same has been rectified later on the date vide transaction no XXX and we are certifying the mistake is committed by us only the client didn't have any interest in this regards.
OM SAI SRI SAI JAI JAI SAI
Message likes :
1 times
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 May 2013
Mr Dintakurthi Tirumala, iam glad to see your early reply to my query. Thankyou very much.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Reporting Income under Section 44ADA
- Itr 1 processing
- Off Market debit and credit transaction
- ITR 2 Short Term gain & Long term gain
- Showing Gift from relative in ITR for this year
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- ITR selection for salaries and capital gain less than L
- ITR returnFY25-26
- ITR 1: Details for showing Exempt Income
- Share accounting-->fifo - capital gain - period as per fifo?
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
