Receipt and payment a/c

258 views
User Avatar

4 Points Posted on 23 September 2020
loan from a client? is it admissible income ?
0 Reply Share Follow
On 23 September 2020 at 15:38 Report
Replies (3)
Quick Summary
This discussion clarifies whether a loan received from a client should be treated as income or a liability within a receipt and payment account. The consensus is that a loan is not considered income; rather, it represents a liability that needs to be repaid.

User Avatar

295 Points Posted on 23 September 2020
Loan is not considered as an income
1 Reply
On 23 September 2020 at 17:37
User Avatar

3924 Points Posted on 23 September 2020
It's libility to pay
1 Reply
On 23 September 2020 at 17:58
User Avatar

4 Points Posted on 23 September 2020
Okay thank you
Reply
On 23 September 2020 at 23:29

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Foreign Assets reporting
  2. Build corpus in HUF
  3. Queries with the new form 144
  4. Updating form 10-ee and Schedule FA if there is ch
  5. Sale of property in SLUM area ....SRA
  6. GST applicability on Shipping charges
  7. Outstanding Demand in Income Tax: How To Respond?
  8. LTCG on property sale
  9. Capital gains incidence due to bonus shares
  10. Amendment of Object Clause of Memorandum

More recent discussions | Post

Related Topics :

Loading