Notional income

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(Querist)
08 October 2013 can notional income can be credited to capital account
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
08 October 2013 the ans is no as only material items reflect true and fair view, notional income is actually not earned but it is just deemed to be earned and used for specific calculations like in income tax.
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