R D INVESTMENT NOT SHOWN IN RETURNS AFTER MATURITY?
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 July 2011
SIR
ONE CLIENT DID NOT GIVEN R D INVESTMENT INFORMATION.
IN THIS YEAR HE RECEIVED RD MATURITY AMOUNT RS. 2 35 241/-AND BANK ACCOUNT CREDITED THAT AMOUNT.(HE WAS STARTED INVESTMENT IN 2006 )
WHO TO THIS MATURITY AMOUNT ENTER IN IT RETURNS.
INTEREST IN OTHER INCOME & MATURITY AMOUNT CAN CREDIT CAPITAL ACCOUNT.
IT IS CORRECT. ANY PROBLEM TO INCREASE CAPITAL.
ONE CLIENT DID NOT GIVEN R D INVESTMENT INFORMATION.
IN THIS YEAR HE RECEIVED RD MATURITY AMOUNT RS. 2 35 241/-AND BANK ACCOUNT CREDITED THAT AMOUNT.(HE WAS STARTED INVESTMENT IN 2006 )
WHO TO THIS MATURITY AMOUNT ENTER IN IT RETURNS.
INTEREST IN OTHER INCOME & MATURITY AMOUNT CAN CREDIT CAPITAL ACCOUNT.
IT IS CORRECT. ANY PROBLEM TO INCREASE CAPITAL.
25 July 2011
Interest is the only income which you can show on cash basis and withdrawals have to be adjusted against drawings. If drawings are not sufficient then there is problem then you have show the entire income during the year.
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