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No Tax upto Income of 7 lacs.
Is No Tax upto income of 7 lakhs applicable to both Old as well as New Regime?
Replies (6)
Quick Summary
Only New Tax regime..
@ honourable Dhirajlal Lal rambhia sir , I made a title of " statement of profit and loss account for the year ended 31.3.2020 " and for balance sheet " statement of balance sheet for the year ended 31.3.2020" ....
one of my senior tells no this wrong ,you should have to put " As on"
so which is correct title giving p l and bs
one of my senior tells no this wrong ,you should have to put " As on"
so which is correct title giving p l and bs
AS ON 31.03.2020.
Oh! so As on is the correct professional format for P& l and BS ..iam I correct Dhirajlal sir??
YES
CORRECT.
P n l is for the year but bal sheet is as on the date
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