15 July 2010
i have a proporietorship firm, and i made balance shit in which Rs 140000/-is net profit and same has been shon in my persional balance shit, then kindly inform me which figer will sent to incometax return, firm or my own ? suppose if i have another firm and which Net profit is 20000/- then
15 July 2010
Your personal income comprises the income from your proprietorship business income and no matter how many firms you have these are included in your personal income.