Embezzlement of Cash
This query is : Resolved
03 March 2009
In a pvt. ltd. co. during the year 08 - 09 Rs. 80000/- Cash received from Party was stolen , out of building premises.FIR files in local police station. so this exp. allowed in enpenditure or not.
03 March 2009
Loss on account of embezzlement, in the previous year in which embezzlement is discovered is an allowable deduction.
03 March 2009
Please check the following link:
https://www.caclubindia.com/experts/experts_message_display.asp?group_id=124426
https://www.caclubindia.com/experts/experts_message_display.asp?group_id=124426
03 March 2009
It is allowed.
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
- SEC 54 OF IT ACT
- Is Aadhar PAN linking required for opening bank account?
- Where to show the RCM on Rent paid to unregistered landlord
- Form 26QB for TDS on property
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- TDS NUMBER SURRENDER
- Payable outstanding for years disallowance
- GST Annual Returns filing due date
- BLOCKED-INELIGIBLE GST CREDIT
- Amendment of September 2021 Invoice
- TDS on social media expenses
- Bonus paid to few employees more than Rs, 10,000 in Diwali
- Provision for Depreciation and profit and loss account
- TAX LIABILITY AGAINST GIFT DEED
- Donation Receipt u/s 80G
- 2B certain data not come 3B & IMS
- Strategic Performance Management and Business Valuation
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
