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Consider Loan Or Investment

Others 316 views 7 replies
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
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. 


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