Debit Balance in Directors Account,
This query is : Resolved
RANGANATH.T
(Querist)
30 September 2008
Dear Sir/Madam,
With reference to the above subject, Pls let me know whether we can show debit balance in directors account or not ?
pls give a section code or number for get the more details regarding this matter.
kindly oblige and do the needful.
Thanking You.
Yours faithfully,
Ranganath.T
With reference to the above subject, Pls let me know whether we can show debit balance in directors account or not ?
pls give a section code or number for get the more details regarding this matter.
kindly oblige and do the needful.
Thanking You.
Yours faithfully,
Ranganath.T
S.Srinivasaraghavan
(Expert)
30 September 2008
Debtors account will show normally debit balance only!
30 September 2008
Pl refer section 2(22)(e) 0f the income tax act,1961.
CA V. Mohanakrishnan
(Expert)
01 October 2008
Als information to be provided as part of disclosure the amount due as at balance sheet date and the maximum amount due during the period as a good corporate governance practice
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