11 July 2014
one of my client take a loan from one bank and bank told him dont withdraw all the amount & reserve 75000 as a deposits and after fixed period bank give him 109000 as LIC, now i dont understand how to show in computation of AY 2014-15.
11 July 2014
then when bank actually gives him in his account in that year of itr u show and now u show how much its actually giving him in his account and ask ur client's bank to provide a letter stating this arranegement for keeping it as a proof of a legal valid transaction else it will not belive on words.
CAclubindia
