income tax point

hi friends,

i have doughts?? related to prepartion of personal capital account & balancesheet

1) when we started of new person income tac at that time they have so many old investment in which they get interest income     so my question is ke how to show investment in balance sheet becoz that date was past?

2) in bank balance we have opening balance & person having 2 or more accounts so how to show opening balance in capital account?

3)person having FDR in another name but interest credited in other person bank accont  so how to show interest in that person account & how to show investment.

 

plzzz help me........

thanks

 

Replies (1)

in my point of view you have to show  the investment in balance sheet in investment head

and increase the amount of capital with the value of investment  

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
14 October 2026
Asst. Manager/Dy Manager (Costing)

manufacturing

Pune

CMA

View Details
Company
23 October 2026
Sr. Accountant

SANKARAN & KRISHNAN

New Delhi

B.Com

View Details
Company
26 September 2026
Chartered Accountant

pushpganga ventures

Pune

CA

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
12 October 2026
AUDIT , ACCOUNTS AND TAXATION

KDSS

New Delhi

B.Com

View Details
Company
ARTICLESHIP 20 October 2026
CA ARTICLE

AMKN & CO

Noida

CA Inter

View Details
Company
ARTICLESHIP 28 September 2026
Junior Accountant

J S P M & Associates LLP

Pune

B.Com

View Details
Company
12 October 2026
Chartered Accountant - Internal Audit

HKC | Chartered Accountants & Business Advisors

Ludhiana

CA

View Details