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Assets not related to business in ITR of an proprietor
In the balance sheet of business is it required to show the out of the business assets of the proprietor.
Replies (3)
Yes you have to show personal assets in Balance Sheet.
Profit and Loss is made for Proprietor Business but Balance sheet is made including both Business and Personal Assets & Liabilities.
incase of more info PM me...
Profit and Loss is made for Proprietor Business but Balance sheet is made including both Business and Personal Assets & Liabilities.
incase of more info PM me...
Mr.Pal pls explain.
In balance sheet of an individual you are required to show the business assets and liabilities.
In balance sheet of an individual you are required to show the business assets and liabilities.
Thank you very much
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