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)
Quick Summary
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 Topics :
- On which amount 200% penalty under section 270A is
- RECEIVED INTIMATION U/S 399 FOR TDS PAYMENT ON PRO
- How do CA firms track SEBI/AMFI circulars and dead
- Jurisdictional validity of Sec 148 notice after fa
- Taxable Income or Not
- GST Input Tax Credit (ITC) on Camera Purchase &
- What makes CA Himanshu Singla different from other
- TAX TREATMENT AND ACCOUNTING ENTRIEOF PERQUISITES
- Gifting money to my father-in-law (my husband's da
- GSTR-1 JSON from marketplace exports (Myntra / Ama
Related Topics :
CAclubindia
