Advance from patients and prepaid house construction interest show procedure
This query is : Resolved
13 October 2023
Sir,
A Doctor Advance from patients rs:10 lacs show in accounting records and house construction interest prepaid rs:2 lacs showing f.y. 22-23.
Doubt:
1.Advance from patients rs:10 lacs showing allowed and accounting treated in balance sheet correct procedure.
2.Prepaid house loan interest rs:2 lacs show debited to capital account or balance sheet correct procedure.
A Doctor Advance from patients rs:10 lacs show in accounting records and house construction interest prepaid rs:2 lacs showing f.y. 22-23.
Doubt:
1.Advance from patients rs:10 lacs showing allowed and accounting treated in balance sheet correct procedure.
2.Prepaid house loan interest rs:2 lacs show debited to capital account or balance sheet correct procedure.
21 January 2024
https://cleartax.in/s/case-study-deduction-for-pre-construction-interest
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