Menu
Presumptive can be added to capital account for further use
when presumptive profit is more than actual profit than wheather it can be added to capital account to increase capital in books
Replies (3)
No. Because the assets doesn't get increased, in reality.
Than how much amount one can have for drawings thatis usual
For drawings, that need not be only from income, it can be capital withdrawal too...
Recent Threads
- Filed Hotel commission from International Company
- Reinsurance brokerage section?
- Gst me Registration Zaruri Hain Kya?
- Discuss and Download CA Inter Question Paper Janua
- Discuss and Download CA Final Question Paper Janua
- Accounting Entry for samples received from princip
- Many of my clients who are bank employees received
- Missed filing for AY 2022-23. TDS refund possible
- Form 26QB: Assessment Year Based on Payment Date o
- Revision of Tax Audit
Related Threads
CAclubindia
