He asked that while preparing BS and for preparing BS you need to show capital. Salary is part of capital. So better let the querist reply .
I don't need your suggestions here
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Business and salary income
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This is public plat form you being CA proved to be wrong and you can't delete this thread ..
Many times you quoted senseless..After reading this post members come to know who is senseless
Many times you quoted senseless..After reading this post members come to know who is senseless
Let the members decide, why you always try to decide the correct reply even when you dont know.
You don't accept the mistakes and you feel that you always correct
Never ever , but let other decide
But while posting the comments you never quoted it's just your opinion and let's wait for other comments..
You can not comment the professionals like CAs..There will be many area's in accounts and taxation need not be expert in each and every aspect ..
A practicing professionals can refer the books , latest news , notifications etc .....
Don't go personal and restrict to the answer.
A practicing professionals can refer the books , latest news , notifications etc .....
Don't go personal and restrict to the answer.
You just read her past comments and come again
I gave my opinion only and let wait for other opinion also.
God knows why CA Surya Sekar came in between
| Originally posted by : sabyasachi mukherjee | ||
 |
Salary is income from salary. |  |
Really? Salary is salary? Wow! No one would ever have known!
WHEN SALARY IS RECEIVED IT MUST HAVE BEEN DEPOSITED IN SAVING ACCOUNT.BUSINESS HAVE NORMALLY CURRENT ACCOUNT HAVING BUSINESS NAME.SO WHILE PREPARING ITR FOR INDIVIDUAL SALARY CANNOT BE BUSINESS INCOME .IT IS SHOWN SEPRATELY UNDER SALARY INCOME. WHATEVER AMOUNT DEPOSITED IN CURRNET ACCOUNT OF BUSINESS IS CAPITAL INTRODUCED BY THE PROPRIETOR.AND BALANCE SHEET AND PROFIT AND LOSS ACCOUNT OF THE BUSINESS WILL BE PREPARED ACCORDINGLY FROM CURRENT ACCOUNT BANK ACCOUNT.
NO BALANCE SHEET IS REQUIRED FOR SALARY INCOME .SALARY INCOME WILL BE AS PER DEPOSITS MADE FROM SALARY IN SAVING ACOOUNT OR POSSIBLE FROM FORM 16 IF AVAILABLE.THAT WILL BE SHOWN INDER SALARY UNDER INCOME FROM SALARY.
WHEN SALARY IS RECEIVED IT MUST HAVE BEEN DEPOSITED IN SAVING ACCOUNT.BUSINESS HAVE NORMALLY CURRENT ACCOUNT HAVING BUSINESS NAME.SO WHILE PREPARING ITR FOR INDIVIDUAL SALARY CANNOT BE BUSINESS INCOME .IT IS SHOWN SEPRATELY UNDER SALARY INCOME. WHATEVER AMOUNT DEPOSITED IN CURRNET ACCOUNT OF BUSINESS IS CAPITAL INTRODUCED BY THE PROPRIETOR.AND BALANCE SHEET AND PROFIT AND LOSS ACCOUNT OF THE BUSINESS WILL BE PREPARED ACCORDINGLY FROM CURRENT ACCOUNT BANK ACCOUNT.
NO BALANCE SHEET IS REQUIRED FOR SALARY INCOME .SALARY INCOME WILL BE AS PER DEPOSITS MADE FROM SALARY IN SAVING ACOOUNT OR POSSIBLE FROM FORM 16 IF AVAILABLE.THAT WILL BE SHOWN INDER SALARY UNDER INCOME FROM SALARY.
Yes. Absolutely correct.
It means i have to show salary income in balance sheet under column cash at bank ?
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