In last FY 2021-22 I have received shares from a person who was not paying my money from a long time I have given him around 80000 in cash but due to his condition and everything as he was totally in defaulter condition he transferred me Rs.56000 value shares against the money (as he can't sell those as the money will go in his bank account and bank will take the same as he have defaulted bank loan also) now how can I show this transaction in my books and how to show the shares entry as there is no bank transaction. Do tell me what should I keep or do as that there cannot be any problem in future or if any details are being asked what can I show.
CAclubindia
