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........
All the expenses to earn the income are deductible......
It is shown as income under P&L acc......
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
