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funds received for the purpose of shares but booked as income in the boos of accounts, FEMA

Issue Id: - 111820
Dated: 22-4-2017
By:- RameshBabu Kari

funds received for the purpose of shares but booked as income in the boos of accounts

Contents

funds received for the purpose of shares but booked as income in the boos of accounts ? what is the steps need to take on into book as per the actual purpose ?

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Showing Replies 1 to 3 of 3 Records

Page: 1

1 Dated: 23-4-2017
By:- MARIAPPAN GOVINDARAJAN

Your query is not clear. The amount received for shares could not be the income. Whether you want to reverse the booking?

2 Dated: 23-4-2017
By:- Ganeshan Kalyani

Need more clarity in your query.

3 Dated: 26-4-2017
By:- RameshBabu Kari

We received the funds from US in usd for the purpose of purchase of shares but the fund so received was treated in the books of accounts as income.Please guide to make corrective steps in this regard. What are the correcting ways for that ?

Page: 1