Bhumika bharwani (Tax Assistant) (186 Points)
29 July 2016
Akash Nair
(1 Points)
Replied 29 July 2016
Udgam Koomar
(Tax Technologist)
(1949 Points)
Replied 29 July 2016
Fully refundable advance which is well documented does not need to be taxed
Mukesh Kumar
(Accounts Manager)
(1466 Points)
Replied 29 July 2016
AGRRE WITH ABOVE ALL
BUT I THANK,
IF WHOLE AMOUNT IS RENT AND NO REFUNDABLE THAN
RENT AMOUNT DEC 2015 TO MARCH 2016 ADD IN TAXABLE INCOME
AND BALANCE AMOUNT SHOULD BE ENTRY IN HEAD DEPOSIT AS ADVANCE RECEIVED AGAINST RENT ,
IF WHOLE AMOUNT AS A SECUTITY AND REFUNDABLE ,THAN SHOULD BE ENTRY IN HEAD DEPOSIT AS SECUITRY PAYABLE.
GOOD LUCK
CAclubindia
