Income tax refund not received for previous year

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Querist : Anonymous

Querist : Anonymous (Querist)

14 September 2014 income tax refund not received for previous year and also refund is for this AY what should be the accounting treatment.

Nikhil Kaushik (Expert)
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14 September 2014 unless there is no final assessment order suggesting disallowance of refund, no entry needs to be passed

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