dear sir
interest of above mentioned for proprietary firm where to show
in capital account as income from other sources or credit aide of profit and loss account as business income in tally software.
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saving bank and Fixed deposit interest
Replies (3)
Interest on saving bank & Fixed deposit is taxable under IFOS. It is not the business income.
you just show it in business income in tally and while filling Return disallow such income and add the same to IFOS
can I show it in capital account..
as IFOS
as IFOS
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