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

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..... funds received for the purpose of shares but booked as income in the boos of accounts
Query (Issue) Started By: - RameshBabu Kari Dated:- 22-4-2017 Last Reply Date:- 26-4-2017 FEMA
Got 3 Replie .....

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..... s
FEMA
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 ? Reply By MARIAPPAN GOVINDA .....

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..... RAJAN: The Reply: Your query is not clear. The amount received for shares could not be the income. Whether you want to reverse the booking? Reply By Ganeshan Kalyani: The Reply: Need more clarity i .....

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..... n your query. Reply By RameshBabu Kari: The Reply: 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. .....

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..... Please guide to make corrective steps in this regard. What are the correcting ways for that ?
Discussion Forum - Knowledge Sharing .....

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