If an Individual has two source of Income ( Salaried & Business)
While preparing the Balance sheet for the Individual , shall we include the EPF balance under Long Term Investment. ( Both Employer Share and Employee Share) - Balance as per PF Website
I believe ESI Contribution cannot be consider under Investment - Kindly correct me if Im Wrong.
Also do we need to Show - LIC Premium as investment
I believe it can be coded in Personal Drawings, since it is also for Longterm Investment purpose, do we need to show LIC Premium paid ( Accumulated value ) as investment