TaxTMI 
TaxTMI 
funds received for the purpose of shares but booked as income in the boos of accounts
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....unds received for the purpose of shares but booked as income in the boos of accounts<br> Query (Issue) Started By: - RameshBabu Kari Dated:- 22-4-2017 Last Reply Date:- 26-4-2017 FEMA<br>Got 3 Replies....
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....<br>FEMA<br>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 GOVINDAR....
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....AJAN: 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 in....
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.... 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.P....
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....lease guide to make corrective steps in this regard. What are the correcting ways for that ?<br> Discussion Forum - Knowledge Sharing ....