Mr.A is director of Pvt Limited and He is doing proprietorship business. My Query, is he is getting director remuneration in Pvt Limited. is we need to show salary received & TDS receivable in Proprietorship accounts if yes under which head we have to take whether as capital or Other income under indirect exp.
16 November 2010
If seperate books for individual & proprietorship is being maintained then show in individual account only. If only one set of books is being maintained then show it in the capital account of the proprietor.
16 November 2010
only one set of books is being maintained under prop. if it is shown under capital is we need to show income from salary under income tax computation?
CAclubindia
