Personal expenses not to charged to revenue account.
sabyasachi mukherjee (27781 Points)
12 February 2024
not to be charged to revenue account.
7 Replies
CA Rashmi Gandhi
(Chartered Accountant)
(86490 Points)
Replied 12 February 2024
Personal expenses are shown in capital account.
Also they did not belongs to business , so it is quite obvious that same can't be charged to revenue account.
Also they did not belongs to business , so it is quite obvious that same can't be charged to revenue account.
sabyasachi mukherjee
(27781 Points)
Replied 12 February 2024
Its very difficult to apportion a part of personal expenses and business expenses. However as per MAOCARO ORDER OR AS IAS IT IS ALTERED.
CA Rashmi Gandhi
(Chartered Accountant)
(86490 Points)
Replied 12 February 2024
Firstly clarify what you want to reply and why you are creating useless post on the portal
sabyasachi mukherjee
(27781 Points)
Replied 12 February 2024
But in actual parlance it becomes very difficult to differentiate between business expenses and personal expenses in a closely held businesd
CA Rashmi Gandhi
(Chartered Accountant)
(86490 Points)
Replied 12 February 2024
You didn't mention the reason of your useless post and comments.
sabyasachi mukherjee
(27781 Points)
Replied 12 February 2024
Capital Ccount ib case of proprietary concern.
otherwise not
otherwise not
CA Rashmi Gandhi
(Chartered Accountant)
(86490 Points)
Replied 12 February 2024
I think this is not a reply of my query
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