Sir if i am earning interest in my name ,
not in my business name should i have to show it in the p&l of the business?
please tell me about this topic in details i am little bit confuse.
it's my humble request to you.
Menu
Interest on saving and fd a/c
Replies (3)
No need.
Interest of savings account as well as FDs in bank need not be declared in profit & loss account of Business.
No. However, this interest should be offered to tax as income from other sources.
No need to show
Recent Threads
- Change HSN
- TDS ISSUE ( DIFFERENT SECTION )
- Company strike off with loan waiver accounting iss
- Board resolution for authorization for GST
- Invoice related audit
- Gst input credit related
- Updated ITR as missed the dead line
- Change if place of business l
- Purchase from unregistered dealer garments busines
- TDS DEDUCTED BUT NOT PAID BY EMPLOYER
Related Threads
CAclubindia
