Capital account
This query is : Resolved
harish n p c
(Querist)
30 November 2011
Dear Experts.
How to Consisting of capital account of Individual Assesse even after with out business? can we consist of capital account with his age limit ? Kindly suggest me.
How to Consisting of capital account of Individual Assesse even after with out business? can we consist of capital account with his age limit ? Kindly suggest me.
CA PARAS BAFNA
(Expert)
04 December 2011
Capital account represents the net Balance of All the assets held by the assessee less all the Liabilities.
.
In case of persons not maintaining Books of Account it can be derived by the above method.
.
Age is not the limiting factor. Earnings are important.
.
.
In case of persons not maintaining Books of Account it can be derived by the above method.
.
Age is not the limiting factor. Earnings are important.
.
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