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Platinum Member
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Better late than never.
9.56 PM Sep 7th 2013
Platinum Member
105 Followers
Make Bribes Payments a Legitimate Business Expense.

Otherwise , in the Balance sheet ( P/L ) where to enter Bribes and Other Corruption Expenditure.

Bribes Payment of Rs. 50, 000 should be made by A/c Payee Cheques.

First they Demand Bribes for which Cash- Black ( Non Balance Sheet has to be generated ). Then they blame Business men as " Chor `

Bribe Takers Should Include Bribe Income in their Income Tax Returns under the " Head " Income From Other Sources "and pay Tax on it.

If Corruption charges are made by cheques , no trader would generate Cash in Black.

http://t.in.com/eCGr
8.17 PM Sep 7th 2013
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8.35 PM Sep 6th 2013
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4.44 PM Sep 6th 2013
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1.59 PM Sep 6th 2013
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1.49 PM Sep 6th 2013
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