Fine recovered from employees

This query is : Resolved

S.G.Kulkarni

S.G.Kulkarni (Querist)
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05 August 2013 I WISH TO KNOW THE ACCOUNTING TREATMENT FOR A CASH RECOVERED FROM EMPLOYEES AS "FINE". IS IS TO BE DEPOSITED TO GOVERNMENT ? OR IS IT TO BE TREATED AS "MISC.INCOME" ? PLS GUIDE ME.

Hemant Kumar

Hemant Kumar (Expert)
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05 August 2013 It is miscellaneous Income.

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