We have client who is in receipt of money (40,00,000/-) from Employee Provident Fund Organisation in the F.Y. 2013-14. Please give me accounting entries for recording in his books of account.
He was working is private company.
Also show the tax implication of above said amount.
Thanking you
Bank Account --Dr
Interest on EPF Account--Cr
Capital Account-- Cr
Boutique Investment Bank & Transaction Advisory Firm
Gurgaon
CA
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BHUPINDER SHAH AND COMPANY
New Delhi
CA Inter
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CAclubindia
