Income tax
This query is : Resolved
19 March 2010
sir patnership firm main net profit 50Lac/- hai , cash in hand 1 lac negtive hai. profit 5lac dikhana hai. pls advice how i adjust the profit??
19 March 2010
YOU HAVE NOT MENTIONED WHEATHER YOU HAVE MADE PROVISION ON REMUNERATION, INTEREST ON CAPITAL,
IF PARTNERS HAVE SUFFICIENT CASH BALANCE, THEY CAN INTRODUCE FURTHER CAPITAL TO MAKE CASH BALANCE POSITIVE .
IF PARTNERS HAVE SUFFICIENT CASH BALANCE, THEY CAN INTRODUCE FURTHER CAPITAL TO MAKE CASH BALANCE POSITIVE .
19 March 2010
sir partnership deed ke ander intrest on capital & remiunation is not mentioned? and partner dont have cash individual book?? And tell me that how i will adjust my profit??
CA Ashok Kumar Sahu
(Expert)
19 March 2010
then alter your partnership deed and charge for the same,
for take some loan from individual parties or received cash from debtors.
also check you charge depreciation or not ?
for take some loan from individual parties or received cash from debtors.
also check you charge depreciation or not ?
19 March 2010
Dear sir i think its a hypothetical example.... negative cash balance and all.. if its real situtation than pleas give us detail to resolve....
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