Investment fd value amount
This query is : Resolved
16 April 2024
Sir,
It assessess previous last 5 years income and expenses details showing in itr mentioned below
Income 5 years in itr rs:35 lacs
Expenses 5 years in itr rs:12,50,000/-
Net balance amount rs:22,50,000/-
Assessess investment bank fd rs:30 lacs amount
Question:
Investment fd in bank rs:22,50,000/- or 30 lacs correct.
It assessess previous last 5 years income and expenses details showing in itr mentioned below
Income 5 years in itr rs:35 lacs
Expenses 5 years in itr rs:12,50,000/-
Net balance amount rs:22,50,000/-
Assessess investment bank fd rs:30 lacs amount
Question:
Investment fd in bank rs:22,50,000/- or 30 lacs correct.
16 April 2024
if the FD is for RS 30 lakhs, then how will you show it as 22.5 Lakhs? ask the client what is the source of money invested in FD and accordingly manage the liability side of the balancesheet.
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