Recommendation required- urgent

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

03 October 2011 Dear Please recommed me "What to Do?"

As per Salary Agreement(Last Year):
A Lump sum of USD 16000 PA or ticket Worth USD 16000 will be given to employee every year.

During Current year-2011-12 the employee is appointed as Consultant (Not Employee)

Company received the reimbursement bill of 16000 USD during current year (2011-12) for Last Year (2010-11).

If we book this Expense as Travelling in Current year than this will be disallowed in IT Act .

Please recommend me how can i save this money in current financial year.

CA Pushpendra Gaur

CA Pushpendra Gaur (Expert)
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03 October 2011 In the case, you can wither revise your old statements or jsut book the expenditure this year and donot mention as previous year expenditure
in case of revision of accounts, you can also file revised return u/s 139 (5)