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N.s.c.accounting

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 April 2016 DEAR EXPERTS,

I HAVE RECEIVED N.S.C.ON MATURITY FROM VAT DEPARTMENT.

HOW TO ACCOUNT THIS MATTER ?
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
05 April 2016 How you have booked original Entry When you given VAT Department . you can Reverse the Same .
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Murtaza I Bhagat

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Murtaza I Bhagat (Expert)
05 April 2016 if you have done accounting for NSC interest in accrued basis then you have to add last year interest as indirect income.
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