Balance sheet
This query is : Resolved
Bhupender Aggarwal
(Querist)
12 March 2021
Dear Sirs,
Please guide me. I have Income from commission business received + salary +Dividend. I have some confusion regarding balance sheet prepare for own Income tax Return. Please let me now earlier years and current years personal Investment in shares / Gold/Deposits should be shown in balance sheet or not . In Liabilities and assets should be only shown transactions relates to commissions business. In further years I will shown income against sale of shares/property/ Deposits etc.
Thanks and Regard
Bhupender Kumar
bhupenderka@yahoo.co.in
Please guide me. I have Income from commission business received + salary +Dividend. I have some confusion regarding balance sheet prepare for own Income tax Return. Please let me now earlier years and current years personal Investment in shares / Gold/Deposits should be shown in balance sheet or not . In Liabilities and assets should be only shown transactions relates to commissions business. In further years I will shown income against sale of shares/property/ Deposits etc.
Thanks and Regard
Bhupender Kumar
bhupenderka@yahoo.co.in
CA R SEETHARAMAN
(Expert)
12 March 2021
Show only transaction related to commission business in balance sheet.
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