15 July 2010
i have a proporietorship firm, and i made balance shit in which Rs 140000/-is net profit and same has been shon in my persional balance shit, then kindly inform me which figer will sent to incometax return, firm or my own ? suppose if i have another firm and which Net profit is 20000/- then
15 July 2010
Your personal income comprises the income from your proprietorship business income and no matter how many firms you have these are included in your personal income.
CAclubindia
