I Pay tax of My Proprietor ship firm in my Personal account
what should i consider this amount as loan or investment for my person Account and my firm Account
kindly suggest
Menu
Consider Loan Or Investment
Replies (7)
What type of Taxes you have paid ?.
I understood its personal account so proprietorship firm has taken loan . That you hv to show.
Sir We have paid TDS
Deducted TDS for what type of expenses ?.....
Sir deducted on Rent
Loan to the proprietorship Firm .
In my view, the amount of TDS paid out of personal account can be credited to Capital Account since this is a Proprietary Firm and he is the sole businessman.
Related Topics
CAclubindia
