Treatment of Bribe

in accounts

if it is outflow , dont show it in a/c's and give it...same for the inflow ...

and in income tax..section 29, illegal expenditure are not allowed but illegal income are charged to tax...

dog food exps!!!!!!!

Donation!!!!!!!

Jail A/c

Not Allowable as per Income Tax Act. You can record this transaction in books of accounts but you would not be able to justify this expenses and auditor would report in Audit Report about this exp.

I made a/c as consultancy fee. But practically all bussiness have to pay bribe so they have to keep that record also some where so that they understand how much bribe they have paid in year.