Itr filling
This query is : Resolved
15 August 2014
An Individual having business of Travel Agency formed a Pvt Ltd. company in which his wife & Bhabhi are the Directors.Some of the parties of Proprietor deposited fund in the bank A/C of Company & some payments of company were made by the proprietor.What should be the procedure to handle such situation while filling ITR of Both.
16 August 2014
It is totally a wrong practice. Each accounts should be segregated from each other.
Try to generated bill for each other if possible. If not show the amount as loan.
And stop such practice of mixing each other's account.
Try to generated bill for each other if possible. If not show the amount as loan.
And stop such practice of mixing each other's account.
16 August 2014
It is totally a wrong practice. Each accounts should be segregated from each other.
Try to generated bill for each other if possible. If not show the amount as loan.
And stop such practice of mixing each other's account.
Try to generated bill for each other if possible. If not show the amount as loan.
And stop such practice of mixing each other's account.
16 August 2014
it is wrong practice to operate the a/c of company. you can not do any transaction of his personal or personal business out of company bank a/c .
you can make sale invoice or purchase invoice for the amount. or taking as advance agst billing or taking loan.
you can make sale invoice or purchase invoice for the amount. or taking as advance agst billing or taking loan.
17 August 2014
But whether this question would arise or not that why parties of Proprietorship deposited amount in the Bank A/C of Company?How can we show it as Loan as it is not direct transaction between proprietorship & Company?
18 August 2014
you may raise the invoice from company.
18 August 2014
you may raise the invoice from company.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Manual Rectification through AO
- IT Return filed defective u/s 139 (9)
- Fixed Deposit Claim Relinquishment by the Nominee
- ITR 6 Schedule CFL and UD Issues
- FREELANCING ACCOUNTANT
- Income Type for interest from government bonds
- Not a CA , can we prepare balance sheet
- TCS ON SOFTWARE SALES
- TDS RATE ON RENT PAID TO NRI
- Gstr 9 2023-24
- PAYMENT TO OPEN AI AND ENVATO ELEMENT
- From 15CA for remittance by domestic travel agent by to Foreign Destination Management Company.
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
CAclubindia
