12 October 2019
M/s X & co. is a sole proprietorship firm & Mr. X is proprietor of the firm, Y is grandson of Mr. X who is working as a employee in M/s X & co.( Can Y be shown as employee in books of accounts? What can be the suitable salary?) Further,Mr. Y went to another city in another state for training of GST.(Can such training be shown as employee training expense in books of accounts?)
CAclubindia
