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Incometax

(Querist) 19 April 2012 This query is : Resolved 
Dear Sir,
A company has received share application money from X. there was search held on X wherein it was found that x was only entry operator and there are some more companies involved in same type of transaction.

now A co. want to surrender all the share application money in its return by revising the same. Question is how should A revise its return and what entries should be passed in the books of A with regards to share application money

pls advise.
Report Abuse
A V Vishal (Expert) 19 April 2012
Certain matters cannot be discussed openly in the forum, it is advisable to go by your auditors advise.

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