foriegn bank a/c interest
This query is : Resolved
19 May 2008
how to incorporate bank interest earned from foreign bank a/c which is not shown in the books
20 May 2008
Your question is not clear. How the interest will not appear in books? Are you saying that it is retained in the foreign bank itself?
20 May 2008
the question is
how to incorporate bank interest earned from foreign bank a/c. the foreign bank a/c is not shown in the book. Also, the interest is retained in the foreign bank itself?
how to incorporate bank interest earned from foreign bank a/c. the foreign bank a/c is not shown in the book. Also, the interest is retained in the foreign bank itself?
20 May 2008
Hi Mateen,
As per the wordings, it appears that its an undisclosed account to the income tax department.
You may land into deep trouble for such a consequence.
YOu are advised to disclose the account details with the interest in your books of account.
Rgds/
Vineet
As per the wordings, it appears that its an undisclosed account to the income tax department.
You may land into deep trouble for such a consequence.
YOu are advised to disclose the account details with the interest in your books of account.
Rgds/
Vineet
20 May 2008
hi vineet
we are looking the same as to how should we disclose the same in this years i.e AY 2008-09 return and that's my query pls let me know
thank u
we are looking the same as to how should we disclose the same in this years i.e AY 2008-09 return and that's my query pls let me know
thank u
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
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Is online PGCE worth it?
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
