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ceased cash, Accounting - Auditing

Issue Id: - 5456
Dated: 21-3-2013
By:- Mayank Gupta

ceased cash


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if some cash amount is ceased by the income tax authorities the in the books of accounts what will be the entry of this . and under which head this will be shown in the balance sheet.......... and will the answer will be same if the cash is ceased since 2 years ago

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Page: 1


1 Dated: 28-5-2013
By:- CA GOPALJI AGRAWAL

It would be cash seized with dept dr of course. We have to provide for the provision of tax liability as per law on the basis of opinion of the expert./


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