Negative Cash In 31.03.2017


Shagun Gupta   01 October 2017

Shagun Gupta

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Hi there , sir i am having a query in the previous financial year my cash is negative of approx Rs 900000 what are the remedies regarding this how can i solve this .

Thank In Advance

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CA Rashmi Gandhi (banswara)     01 October 2017

CA Rashmi Gandhi
banswara 
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You can add cash income & declare it in your IT return

RAJA P M ("Do the Right Thing...!!!")     01 October 2017

RAJA P M
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How to it going to negative...?

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Shagun Gupta   01 October 2017

Shagun Gupta

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It went to negative due to increse of cash deposit and other expenses paid by cash

RAJA P M ("Do the Right Thing...!!!")     01 October 2017

RAJA P M
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Which ways come the NEGATIVE Cash to your books of accounts...?


(Guest)

books are not mantain properlly 

cash has a huge nagative balance 

find out where gone wrong 

check properly cash a/c find out mistake 

31 october is last date for tax audit 

do correction before this date 

or increase cash sales accordingly

and pay tax with interest 

RAJA P M ("Do the Right Thing...!!!")     02 October 2017

RAJA P M
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Dear Samir.,
I agreed your above said reply.

In case he add cash sales then what is the next provisions under local taxes (VAT)...?

Why not he rectify the inward cash transactions and Expenses...?

In my view,
Also the excess cash come from any one hand. So, Why not he add the amount as loan or any other ways...?

Bcoz, He add the cash sales then he ll be pay VAT tax with interest & penalty....!

Am I right...!
Your view....?!

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Registerexperts.com (company registeration)     11 October 2017

Registerexperts.com
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books are not mantain properlly  cash has a huge nagative balance  find out where gone wrong  check properly cash a/c find out mistake  31 october is last date for tax audit  do correction before this date  or increase cash sales accordingly and pay tax with interest 

 


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