Income treatment under individual capital account
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 October 2012
KIND ATTN. SIR
AN ASSESSEE HAVING INCOME FROM PROPRIETORSHIP CONCERN AND INCOME FROM SALARY,BOTH ARE SHOWN SEPARATELY UNDER COMPUTATION STATEMENT.WHETHER INCOME FROM SALARY ALSO TO BE SHOWN UNDER INDIVIDUAL CAPITAL ACCOUNT PREPARATION
KINDLY CLARIFY
WITH REGARDS
CA.P.SHANGAR
AN ASSESSEE HAVING INCOME FROM PROPRIETORSHIP CONCERN AND INCOME FROM SALARY,BOTH ARE SHOWN SEPARATELY UNDER COMPUTATION STATEMENT.WHETHER INCOME FROM SALARY ALSO TO BE SHOWN UNDER INDIVIDUAL CAPITAL ACCOUNT PREPARATION
KINDLY CLARIFY
WITH REGARDS
CA.P.SHANGAR
CA C.JANANI
(Expert)
10 October 2012
It is not necessary to bring it under capital unless you invest the salary into business.
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