Fogetted to pass commission receiveable what next
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 August 2016
forgotten to pass commission receiveable entry in books of account during closing of FY 2014-15 , commisson received in bank account too in the month of april 2015 and it return has also filed. Now while prepareing for IT return for FY 2015-16 it came to notice
how to deal with it in books of account??
pls reply it's urgent
Thanks in advance
how to deal with it in books of account??
pls reply it's urgent
Thanks in advance
27 August 2016
Dear User,
U have two option
first revise the last return and include the commission income in your total income.
secondly just pass a rectification entry in this year and consider it's income in current year
Hope your query is resolved
Kindly like if my response has helped you
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