Balance sheet and personal assets
This query is : Resolved
05 March 2014
respected sir
what is the difference between business and personal assets ,from the point view of income tax act .in itr -4 whether we have to disclose personal assets or business assets
what is the difference between business and personal assets ,from the point view of income tax act .in itr -4 whether we have to disclose personal assets or business assets
05 March 2014
business assets are those which are owned by business for use of business and earning income.
personal assets are those which are not used for business purpose,,,like jwellery...
personal assets are those which are not used for business purpose,,,like jwellery...
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