interest on IT Refund
This query is : Resolved
06 June 2017
sir
interest on IT Refund ....can we take under capital accounts....?
CA Rashmi Gandhi
(Expert)
06 June 2017
Yes same is to be shown in Capital A/c.
Message likes :
1 times
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 ....
CA Rashmi Gandhi
(Expert)
06 June 2017
P & L used for all trading dealers ,Rec & Payments and Inc & Exp for profesional, trust.
KAVIRAJA ADDANGADI
(Expert)
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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR9 Annual Return
- Ito add credit side of bank
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Employee secondment
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Reward for festival
- Import of Capital Machine
- LLP audit and disclosure
- Form 144 TDS Return Validation error
- Capital gain on commercial property and investment in residential property
- Appointment of Auditor By Form ADT-1
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
