Which cash balance has to be mentioned in case of 44AD?
This query is : Resolved
24 February 2023
If I prepare a separate balance sheet for the Properetory firm and personal, which balance must I show in 44AD?
Proprietor Firm balances are mentioned below.
Cash 30000
Debtors 28000
Creditors 12000
Stock 7000
Personal balances are mentioned below.
Cash 16000
Debtors 0
Creditors 0
Stock 0
44AD case is applicable to business then should I show the Proprietory firm balances in 44AD?
Proprietor Firm balances are mentioned below.
Cash 30000
Debtors 28000
Creditors 12000
Stock 7000
Personal balances are mentioned below.
Cash 16000
Debtors 0
Creditors 0
Stock 0
44AD case is applicable to business then should I show the Proprietory firm balances in 44AD?
24 February 2023
Yes, show Proprietary firm balances in 44AD.
24 February 2023
It means that it is not necessary to make a personal balance sheet. Right?
24 February 2023
Yes you are right.....
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
- Selecting Tax Regime while for calculating tax relief on under Section89 of income tax act 1961.
- Forgot to update debit note in gst
- Cloud service
- Relief Calculation u/s 89 of ITax 1961 in TableA Form10E
- Expenses add back in profit
- Sale of Gold ornaments
- Running non ac bus under contract with roadways
- GST ITC on Liquidated damages
- GST ON FOREIGN CLIENT
- Can we issue an invoice today
- Tds on GST in connection with sale to public company
- B2B Amendment
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- Regarding Advance Tax not claimed in the Return of Income for A.Y. 2025-26
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
