Regarding income tax filing
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 June 2014
Can we show the marriage expenses and income in capital account of individual for his sons marriage while filing the income tax return.
26 June 2014
For individual, there is no need to file Capital account and P&L BS. For your record purpose, you can show it in your P&L A/c. It doesn't affect your income statement.
26 June 2014
it is personal exp. and debit or credit his personal capital a/c
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