An assessee is having ppf investment of rs. 70000 and ELSI for Rs. 50 k per annum. Both of these qualify for sec 80 c deduction upto Rs. 1 lakh but whether they can be shown on asset side of balance sheet also or only in computation of tax statement....
Menu
investment position
Replies (1)
i dont think these investment can be shown in b/s as these are of the nature of personal investment not related to the business of individual.
just wait for the view of experts....
Recent Topics :
- Regarding 3CEB query
- Omitted E-Commerce Sales Reported in Table 14 but
- Omitted sales shown in GSTR-1 Table 14 but not in
- EWAY BILL TAKE OUT OF OTHER COMPAMY
- Penalty & late fee for late ITR filing
- Business discontinued as Government took possessio
- Which Aviation Services Can Air Ticketing Professi
- Section 87A
- GST on Transport
- Which software to buy
Related Topics :
CAclubindia
