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Purchase not recorded in books
a client has forget to record in his books cash purchase of plot in the year 2007-08. now he is going to sale the plot in the year 2014-15. how to treat the sale in the books, tax consequence on the client and treatment of capital gain in the books.
Replies (1)
how can he forget that... either he had used black money for that purpose else cash account will never b tallied..!!!
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