DEAR ALL
EXAMPLE Mrs X CLAIM FOR I.TAX REFUND AMOUNT 17,500.00
THANKS TO ALL OF YOU IN ADVANCE
ARSHAD
Hi friend
On 1.4.2010, u dont want to pass any entry regarding this. After receiving the Refund u pass entry as
Bank/Cash A/c Dr
To X's Capital A/c
(being IT Refund amount received)
Thanks & Regards
R Shriram
CAN YOU TELL ME THE REASON WHY IT WILL BE ADDED TO CAPITAL ACCOUNT?
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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