interest on IT Refund
This query is : Resolved
06 June 2017
sir
interest on IT Refund ....can we take under capital accounts....?
06 June 2017
Yes same is to be shown in Capital A/c.
Message likes :
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06 June 2017
whom to use receipts & payments account ...
whom to use income & expenditure accounts
whom to use profit and loss accounts......please tell me ....
06 June 2017
P & L used for all trading dealers ,Rec & Payments and Inc & Exp for profesional, trust.
06 June 2017
Interest can be grouped in Capital A/c but for same income to be declared under income tax from Income from other sources.
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