Advance from patients and prepaid house construction interest show procedure
This query is : Resolved
13 October 2023
Sir,
A Doctor Advance from patients rs:10 lacs show in accounting records and house construction interest prepaid rs:2 lacs showing f.y. 22-23.
Doubt:
1.Advance from patients rs:10 lacs showing allowed and accounting treated in balance sheet correct procedure.
2.Prepaid house loan interest rs:2 lacs show debited to capital account or balance sheet correct procedure.
A Doctor Advance from patients rs:10 lacs show in accounting records and house construction interest prepaid rs:2 lacs showing f.y. 22-23.
Doubt:
1.Advance from patients rs:10 lacs showing allowed and accounting treated in balance sheet correct procedure.
2.Prepaid house loan interest rs:2 lacs show debited to capital account or balance sheet correct procedure.
21 January 2024
https://cleartax.in/s/case-study-deduction-for-pre-construction-interest
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Advantages and disadvantages new income tax act 2025 question
- Query regarding applicability of UDIN on MCA forms signed using DSC by a Chartered Accountant
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Spice form, ? mark comes in address
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
