Ppf
This query is : Resolved
08 October 2014
RESPECTED EXPERTS...I WANT TO KNOW THE TREATMENT OF FOLLOWING MATTER-
suppose i am taking deduction u/s 80c for PPF ..SO HOW I WILL SHOW THIS IN MY BALANCE SHEET.
EITHER IT IS TO BE SHOWN AS PPF A/C under current account.
suppose i am taking deduction u/s 80c for PPF ..SO HOW I WILL SHOW THIS IN MY BALANCE SHEET.
EITHER IT IS TO BE SHOWN AS PPF A/C under current account.
09 October 2014
current year's contribution in PPF should be shown as drawings from capital a/c and on the assets side PPF should be shown as old balance + current year's contribution+interest if any.
Message likes :
1 times
09 October 2014
AND THE CURRENT YEAR CONTRIBUTION WILL BE ALLOWED FOR DEDUCTION U/S 80 C
09 October 2014
Absolutely it will allow for deduction u/s 80C
Message likes :
1 times
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
- Treatment of Pension ?annuity returns on PMVY
- TAN for Partnership
- Last year TDS Claim
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- Long Term Service award taxability in hands of company
- Soyabean hsn code and gst rate
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Free lancer income
- LTCG for Assmt year 26-27
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
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
