Bank sb interest,lic amount, rental income
This query is : Resolved
20 June 2022
Sir,
One of the business it person sb interest rs:10,236/- and rental income rs:60,000/- and lic amount rs:85,000/- incomes received in f.y.21-22.
Question:
Assessess above mentioned three incomes credit by profit and loss or capital account credit correct procedure.
One of the business it person sb interest rs:10,236/- and rental income rs:60,000/- and lic amount rs:85,000/- incomes received in f.y.21-22.
Question:
Assessess above mentioned three incomes credit by profit and loss or capital account credit correct procedure.
20 June 2022
Credit capital account as it does not relate to business.
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