I have an account which is KY C compliant but is not shown in my books of account. it's a old account and never came to my mind to show in my returns...
now that everything has changed and it's best to state everything what one has I would like to understand how would this be delt with...I withdraw money every year - keep the principal amount aside...use the interest but redeposit the same into the account ... I have this as a contingency plan for family emergency...please suggest and oblige.
CAclubindia
