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Fire on machinery

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(Querist)
30 September 2011 DEAR EXPERTS

I HAVE LOSS FOR FIRE ON MACHINERY OF RS 15 LAKHS FOR THE YEAR 2010-11 BUT TILL DATE I AM NOT CLAIM THE INSURANCE COMPANY AND I AM WAITING THEM. SO HOW TO TREAT THIS SITUATION FOR ACCOUNTING AND INCOME TAX FOR THE YEAR 2010-11
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sannagovindappa.G

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sannagovindappa.G (Expert)
30 September 2011 IF YOU HAVE CONFIDENCE IN ANY AMOUNT OF CLAIMS, U HAVE SHOWN LOSS ON FIRE AGAINST CLAIMS RECEIVBLE

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