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.
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.
CAclubindia
