Fully refundable advance which is well documented does not need to be taxed
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
