Wrong credit into account
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 May 2013
The Banker has credited amount twice into my account. how do i justify the duplicate entry for filing income tax. should i declare a unknown credit into account or obtain a written confirmation from the banker. The wrong credit has been rectified in subsequent financila year. please guide.
03 May 2013
You need not to show such wrong credited amount as unknown credit and offering as income for tax purpose because of it is the mistake of the bank as well as you find out the reason of the credit.
So you need not to treat it as income for income tax purpose. As well as for any further or in future requirement and evidence you shall obtain a certificate from the bank for the wrongly crediting into your account by mistake on the date vide transaction no XXX and the same has been rectified later on the date vide transaction no XXX and we are certifying the mistake is committed by us only the client didn't have any interest in this regards.
OM SAI SRI SAI JAI JAI SAI
So you need not to treat it as income for income tax purpose. As well as for any further or in future requirement and evidence you shall obtain a certificate from the bank for the wrongly crediting into your account by mistake on the date vide transaction no XXX and the same has been rectified later on the date vide transaction no XXX and we are certifying the mistake is committed by us only the client didn't have any interest in this regards.
OM SAI SRI SAI JAI JAI SAI
Message likes :
1 times
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 May 2013
Mr Dintakurthi Tirumala, iam glad to see your early reply to my query. Thankyou very much.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Regis.
- Inventory of finished goods
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Applicability of Ind As to associate of associate
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Disallowance of Section 43B(h) to sez units
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Gst input for FY 23-24
- Bogus purchase treatment for it act gst dealer
- Company Incorporation - CA and directors signing from different states
- Filing of Form 10BB instead of Filing Form 10B
- HSN Details in IFF/GSTR-1 & in GSTR 9
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
