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Non Refundable of Deposit

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 July 2011 What is the treatment for Non refundable of Deposit?
This Deposit can be transfer to revenue account?
if yes, then direct or indirect [ in trading firm ]
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CA Navin Jain

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CA Navin Jain (Expert)
21 July 2011 if its forfeited then transfer to indirect exp and if its adjusted to specific exp. then transfer to that exp.

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