Unaccounted sales
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 July 2012
DGCEI SEARCH HAS BEEN CONDUCTED IN A COMPANY IN THE F.Y 2010-11 AND UNACCOUNTED SALES HAS BEEN FOUND. FURTHER THEY HAVE TAKEN CHEQUE FOR RS 20000000/ AT TIME OF SEARCH. IN THE F.Y 2011-12 COMPANY HAS ACCEPTED THE UNACCOUNTED SALES AND PAID THE EXCISE DUTY LIABILITY THEREON. HOW TO DISCLOSE THE SAID SALES IN THE COMPANY ACCOUNTS IN THE F.Y 2011-12. what is the duty of auditor
02 July 2012
Take advice from Chartered Accountants(statutory Auditor) . because it is serious issue . so you dont take entry without permission of auditors
Message likes :
1 times
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
- GST Regis.
- Tax on capital gains revoked us 54f
- Inventory of finished goods
- Filing of Form 10BB instead of Filing Form 10B
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Applicability of Ind As to associate of associate
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Sale of property furniture sale
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Confusion around Form 26QB fields
- HSN Details in IFF/GSTR-1 & in GSTR 9
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- CASE INTIMATION OF LIABILITY UNDER SECTION 73(5)(Rule 142(1A)
- Need to correct "Whether it is last installment " response in Form 26 QB
- GSTR3B IMS Deshboard ( Rec. Solution )
- GST ASMT-10 time extension query
Trending Online Classes
CAclubindia
