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My assessee has only IOS & Partner salary, intt income. Itr 3 has selected. In such case i feed B/s, wat shoud be feed in P/l a/c. Plz suggest me.
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Salary and interest income from the firm is treated as income under head 'PGBP' ..... so you have to declare the same under P&L acc....... and accordingly BS to be prepared........
Wat about other exp. Only income should be shown
All the expenses to earn the income are deductible......
In which point no. Of b/s salary & intt. Should be shown
It is shown as income under P&L acc......
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